INTERNATIONAL ECONOMIC HISTORY

The course is conceived for second-year students specialising in Cross-cultural and international relations in the second-level program in International Relations, in which it is among the characterising courses in the historical disciplines.
The objectives of course are 1) providing knowledge of the evolution of the international economy in early-modern and modern times; 2) introducing the students to the historical application of micro- and macro-economic models; 3) showing the scope limiting conditions of different economic theories.
The course will focus in particular on the evolution of international trade and finance, monetary regimes, and market integration.
The attainment of these objectives will allow the students to develop the ability to critically approach and solve the complex problems concerning the relationship between the policy prescriptions of economic theory and the historical framework of international relations.

Knowledge and understanding
Knowledge of the historical evolution of international trade and finance, monetary regimes, and market integration in the early and late modern times.

Ability to apply knowledge and understanding
Ability to apply to historical cases micro- and macro-economic models.

Judgement ability
Ability to judge the scope limiting conditions of the application of economic models to different historical contexts.

Communication ability
Ability to publicly present a research.
Ability to discuss historical problems using economic categories.
Ability to question the universal validity of economic categories using historical cases.

Learning ability
Ability to critically assess the validity and rigour of historical scientific texts.

Knowledge of micro- and macro-economic models (International political economy).
Knowledge of general history.

1 The Atlantic World Economy
2 The Industrial Revolution
3 The Industrious Revolution
4 The International Trade in the 19th Century
5 International Migrations and Underdevelopment
6 The World Economy in the Gold Standard
7 The First World War and its Effects
8 Stabilizations and Overproduction in the 1920s
9 The Great Depression
10 Bretton Woods
11 European Integration
12 The Euro-Dollar Market
13 The Oil Shocks
14 Reaganomics
15 Globalization and Crisis

Articles and books of reference for the lessons, to be discussed by students:
- B.S. Bernanke, Nonmonetary effects of the Financial Crisis in the Propagation of the Great Depression, American Economic Review, 73(3), 1983: 257-276. (ISA) 9
- M. Bernstein, A Reassessment of Investment Failure in the Interwar American Economy, Journal of Economic History, 44(2), 1984: 479-488. (ISA) 9
- M. De Cecco, The International Gold Standard: Money and Empire, London: Pinter 1984, 254 pp. (ISA) 6
- J. De Vries, The Industrial Revolution and the Industrious Revolution, Journal of Economic History, 54(2), 1994: 249-270. (ISA) 3
- B.J. Eichengreen, Exhorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System, Oxford: Oxford University Press 2011, 224 pp. (LIB) 13
- W.A. Lewis, The Evolution of the International Economic Order, Princeton, Nj: Princeton University Press 1977. (ISA) 5
- C. Schenk, The regulation of international financial markets from the 1950s to the 1990s, in S. Battilossi & J. Reis (eds.), State and Financial Systems in Europe and the USA: Historical Perspectives on Regulation and Supervision in the Nineteenth and Twentieth Centuries, Farnham: Ashgate 2010, pp. 149-166. (ISA) 12

In the final written test students will be asked to reply in one (1) hour to three (3) open questions based on all the books and articles of reference and on course slides.
The questions will require to put into connection economic models with specific historical contexts, using the first ones to 1) interpret a historical case; 2) explain the limits of theory application; 3) choose the theoretical approach that fits the historical context.

Attending students may give a voluntary class presentation on readings that the teacher will suggest. Successful presentations will be evaluated by adding one grade point to the result of the written test if this is sufficient.

Lecturing with slideshow presentation.
Student presentations with guided discussion.

English

Ca’ Foscari abides by Italian Law (Law 17/1999; Law 170/2010) regarding support services and accommodation available to students with disabilities. This includes students with mobility, visual, hearing and other disabilities (Law 17/1999), and specific learning impairments (Law 170/2010). If you have a disability or impairment that requires accommodations (i.e., alternate testing, readers, note takers or interpreters) please contact the Disability and Accessibility Offices in Student Services: disabilita@unive.it.

written

This subject deals with topics related to the macro-area "Circular economy, innovation, work" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development