Academic year
2021/2022 Syllabus of previous years
Official course title
Course code
ET0062 (AF:303794 AR:167799)
On campus classes
ECTS credits
Degree level
Bachelor's Degree Programme
Educational sector code
1st Term
Course year
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Consistently with the objectives of the degree program in Economics, the course aims at providing knowledge and understanding of the historical evolution of 1) the integration of the world economy from the Renaissance to the present; 2) of great industrial revolutions; 3) of the transformations of the international monetary systems.
IThe course will allow students to develop a critical approach to the application of economic models to the interpretation of actual historical cases, evaluating the adaptability of theories to context.
Knowledge and understanding
Knowledge and understanding of the historical evolution of the world economy, in its commercial technological and monetary aspects.

Ability to apply knowledge and understanding
Ability to interpret historical business cases using managerial theories.
Ability to understand the historical determinants of the development of managerial theories.
Critical ability to apply managerial theories in a business environment in relationship with the contextual conditions of theoretical elaborations.

Judgement ability
Ability to judge the scope limiting conditions of the application of managerial theories to different historical contexts.

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

Learning ability
Ability to critically assess the validity and rigour of historical and scientific text.
Mandatory priority exam: see (Microeconomics 1 + 2)
Knowledge of macroeconomics.
1 - Globalization in the very long term.
2 - Geographical discoveries (O'Rourke-Finlay cap.1).
3 - Commercial capitalism (Fusaro).
4 - The slave trade.
5 - Industrial revolution and industrious revolution.
6 - International trade in the 19th Century (Lewis; O'Rourke-Finlay cap.4).
7 - The Gold Standard (De Cecco).
8 - The First World War.
9 - Inflation and overproduction.
10 - From the Great Depression to autarky (O'Rourke-Finlay cap.5).
11 - Bretton Woods and the European integration (O'Rourke-Finlay cap.6).
12 - The Euro-dollar market.
13 - The oil shocks.
14 - The return of the American hegemony.
15 - Just another globalization.
- K. O'Rourke & R. Findlay, Potere e ricchezza: Una storia economica del mondo, a cura di C. Schisani & G. Conti, Torino: Utet università 2016, 704 pp. (capitoli 1, 4, 5, 6)
- M. De Cecco, Moneta e impero: il sistema finanziario internazionale dal 1890 al 1914, Torino: Einaudi 1979, VIII - 308 pp.
- M. Fusaro, Reti commerciali e traffici globali in eta moderna, Bari: Laterza 2008, XV - 168 pp.
- W.A. Lewis, L'evoluzione dell'ordine economico internazionale, Torino: Einaudi 1983, 66 pp.
Open books written test with one open question on a cross-cutting issue.
The question will aim at verifying that students have acquired the ability to a) locate historical events in time; b) apply economic models to their interpretation; c) identify the limiting scope conditions of economic theories in different historical contexts.
Frontal lectures with visual support (slideshow) and class discussion.
Both attending and non-attending students are required to study on all the readings and on the handouts (slides) of the lessons, which will be made available online, using the readings as reference.

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

Definitive programme.
Last update of the programme: 18/03/2021