Academic year
2023/2024 Syllabus of previous years
Official course title
Course code
LM3040 (AF:459608 AR:253622)
On campus classes
ECTS credits
Degree level
Master's Degree Programme (DM270)
Educational sector code
2nd Semester
Course year
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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 the 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 (De Vries)
4 The International Trade in the 19th Century
5 International Migrations and Underdevelopment (Lewis)
6 The World Economy in the Gold Standard (De Cecco)
7 The First World War and its Effects
8 Stabilizations and Overproduction in the 1920s (Eichengreen ch.2)
9 The Great Depression (Bernanke; Bernstein)
10 Bretton Woods
11 European Integration
12 The Euro-Dollar Market (Schenk; Eichengreen ch.3)
13 The Oil Shocks
14 Reaganomics (Eichengreen ch.4)
15 Globalization and Crisis (Eichengreen ch.5-6)
Articles and books of reference for the lessons:
- B.S. Bernanke, Nonmonetary effects of the Financial Crisis in the Propagation of the Great Depression, American Economic Review, 73(3), 1983: 257-276.
- M. Bernstein, A Reassessment of Investment Failure in the Interwar American Economy, Journal of Economic History, 44(2), 1984: 479-488.
- M. De Cecco, The International Gold Standard: Money and Empire, London: Pinter 1984, 254 pp.
- J. De Vries, The Industrial Revolution and the Industrious Revolution, Journal of Economic History, 54(2), 1994: 249-270.
- 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.
- W.A. Lewis, The Evolution of the International Economic Order, Princeton, Nj: Princeton University Press 1977.
1) The final written test will be held with open books: students will be required to reply to one general cross-cut question in an hour.
2) Students can voluntarily submit (before the final exam) a 5-pages discussion based on a general cross-cut question based on the readings of the course. The text will be evaluated from 0 to 2 additional points on the final grade of the written test.
Lecturing with slideshow presentation.
Guided discussion.
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:

This subject deals with topics related to the macro-area "Poverty and inequalities" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development

Definitive programme.
Last update of the programme: 10/03/2023