Course code: 177401 | Subject title: BUSINESS ECONOMIC HISTORY | ||||
Credits: 6 | Type of subject: Basic | Year: 2 | Period: 2º S | ||
Department: | |||||
Lecturers: | |||||
LANA BERASAIN, JOSE MIGUEL (Resp) [Mentoring ] | RUBIO VARAS, MARIA DEL MAR [Mentoring ] | ||||
GARCIA MONTERO, HECTOR [Mentoring ] |
This course aims to provide students with a long-term analysis of the evolution of enterprise and entrepreneurship. It covers the period from the industrial revolution to the present globalized economy. It focuses especially on the contribution of business to economic growth and towards changes in the economy as a whole. This implies the historical study of management and strategic direction, their systems of production, labour, investment, financing, marketing and innovation, etc. It provides students with the basic knowledge on the functioning of markets within the historical context (cycles of expansion and recessions, technical and institutional changes and, so on). It also analyzes the various types of companies and their evolution over time: from small and medium enterprises to large multinationals.
For the international groups this subject cover in fact two distinct fields: World Economic History that talks about the evolution of the world economy from 1750 to the present (which goes on the programs as Economic History I) and Business Economic History I, that covers the evolution of firms and corporations from the 19th century to the present. Both together cover the fields of History, Business, Industry, Growth and Globalization.
Generic skills of the Degree of Business Administration whose acquisition contribute to this subject are:
Instrumental:
CG01. Capacity for analysis and synthesis
CG02. Organization and planning capacity
CG03. Oral and written communication
CG06. Ability to analyze and seek information from various sources
CG07. Ability to problem solving
Personal:
CG09. Teamwork
CG15. Ethical commitment in the workplace
Cg16. Working under pressure
Systemic:
CG17. Independent learning ability
CG19. Creativity
GC23. Sensitivity to environmental and social subjects
The specific skills that a student should acquire in this course are:
CE01. Understanding economic institutions as a result and application of theoretical or formal representations about how the economy works
CE02. Identify sources of relevant economic information
CE03. Derive relevant information from the data, beyond recognition by non-professionals
CE04. Solve problems applying professional standards and the use of technical tools
The principal learning outcome of Economic History subjects within the degrees of Economics and Business Administration is the "understanding of the national and international economic reality, productive sectors, public sector, economic institutions and the evolution of all of them". The hybrid nature of this particular course (between Economic History (more macro-economic oriented) and the Business History (more business oriented), define the learning outcomes of the course. More specifically the learning outcomes for this particular course will be:
Learning outcomes | Course contents | Formative Activities | Evaluation instrument |
R1 Recognize the evolution of companies/firms from the Industrial Revolution to the present | Syllabus as a whole | A1, A2, A4, A5, A6 | E5, E3, E4, E1 |
R2 Classify the diversity of businesses within context: both for Small and Medium Enterprises and Multinationals | T2, T3, T5, T7, T10 | A1, A2 | E5, E3, E4, E1 |
R3 Assess the contribution of the business factor to economic growth and changes in the economy | Syllabus as a whole | A1, A2, A3 | E5, E3, E4, E1 |
R4 Understanding the historical background of the management of production systems, labor, investment, financing, marketing and innovation | Syllabus as a whole | A1, A2, A3, A4, A5 | E5, E3, E4, E1 |
R5 Determine the mechanisms of cooperation and inter-dependence competition at every stage, especially at the stage of market globalization | T4, T5, T7, T9, T10 | A1, A2, A3, A4, A5 | E5, E3, E4, E1 |
R6 Reconstruct the transformations and interactions of the productive sectors | T2, T3, T5, T6, T7, T10 | A1, A2, A5, A6 | E5, E3, E4, E1 |
R7 Evaluate the role of the public sector in the development of the economy and company | T6, T8, T9, T10 | A1, A2, A5 | E5, E3, E4, E1 |
R8 Compare the performance of economic institutions and their evolution | Syllabus as a whole | A2, A4, A5 | E5, E3, E4, E1 |
R9 Interpret the national and international economic reality | T6, T7, T8, T9, T10 | A1, A2, A6 | E5, E3, E4, E1 |
R10 Use library resources and apply the techniques of academic work | A9, A2, A4 | E2, E5 |
Methodology - Activity | Hours in class | Outside the classroom |
A-1 Theoretical classes | 30 | 10 |
A-2 Workshops, seminars | 28 | 20 |
A-3 Group tutorials | 10 | |
A-4 Elaboration tasks and exercises | 10 | |
A-5 Reading materials | 15 | |
A-6 Individual study | 20 | |
A-7 Exams and other evaluation tasks | 02 | 01 |
A-8 Individual tutoring | 04 | |
Total | 60 | 90 |
Learning outcomes | Evaluation method | Weight (%) | Recoverable |
R1, R2, R3, R4, R5, R6, R7, R8, R9 | E1 final exam | 40 | Yes |
R1, R2, R3, R4, R5, R6, R7, R8, R9, R10 | E2 workshops | 34 | 20% in the extraordinary |
R1, R2, R3, R4, R5, R6, R7, R8, R9, R10 | E3 class activities | 10 | No |
R1, R2, R3, R4, R5, R6, R7, R8, R9 | E4 unit tests | 10 | No |
R10 | E5 CI for Eco course | 06 | No |
60% Class participation (E.3), individual work (E.4), and workshops/seminars (E.5) (only 20% recoverable on extraordinary evaluation), and CCI for Eco course (E.2)
40% Final exam (E.1) (fully recoverable on second extraordinary evaluation).
The extraordinary evaluation will only be available for those who have attempted, but failed, to pass the course in the first place.
There may be additional rules to add up the different parts of the course, which will be specified along the course.
INTRODUCTION: THE HISTORIC NATURE OF THE COMPANY
Subject 1. WORLD AND BUSINESS ECONOMIC HISTORY: A VISION FOR LONG TERM.
1.1. Business, history and economic theory.
1.2. An overview of the longterm world economy.
UNIT 1: FROM THE ORGANIC ECONOMY TO INDUSTRIALISATION
Subject 2. THE COMPANY DURING THE FORMATION OF CAPITALISM.
2.1. Organic economy and barriers to growth.
2.2. The world economy and the foundations of European hegemony
2.3. Companies in the preindustrial world: guilds, protoindustry and chartered companies
Subject 3. INDUSTRIAL REVOLUTION: WORK AND BUSINESS.
3.1. Institutional change and transaction costs: the 'bourgeois revolutions.'
3.2. The Industrial Revolution in Britain.
3.3. The spread of industrialization.
3.4. The organization of work and business.
UNIT 2: THE INTEGRATION OF MARKETS, 17601914
Subject 4. WORLD MARKET INTEGRATION: THE FIRST GLOBALISATION.
4.1. Transport revolution and factors movement.
4.2. Trade policies: protectionism and free trade
4.3. The International Monetary System: The Gold Standard.
4.4. Imperialism.
Subject 5. THE 2nd INDUSTRIAL REVOLUTION AND THE 1st INDUSTRIAL DIVIDE.
5.1. Technological change and new industrial leadership.
5.2. The birth of the big modern business: integration, diversification and marketing.
5.3. Management and changes in work organization: Taylorism and Fordism.
5.4. The social question: class, company and state.
UNIT 3: DISTURBANCES AND EXPANSION OF INTERNATIONAL TRADE, 1914-1973
Subject 6. THE WORLD ECONOMY IN THE INTERWAR PERIOD.
6.1. World War I and its consequences.
6.2. The instability of the 1920s and the Great Depression.
6.3. Recovery policies.
6.4. The Second World War.
Subject 7. THE GOLDEN AGE OF DEVELOPMENT
7.1. The institutional framework of reconstruction and development.
7.2. Growth in the "Golden Age."
7.3. The model of centralized planning.
7.4. El Keynesian paradigm and the mixed economy
7.5. El import substitution model: Latin America.
Subject 8. THE AMERICANISATION, MULTINATIONALS AND SOEs
8.1. FDI and the large multinational company: the 'Americanization.'
8.2. The state as entrepreneur: the state owned company (SOEs).
8.3. Alternative models: Toyota JIT and the Human Relations School
UNIT 4: THE FORMATION OF THE GLOBAL MARKET, 19732010
Subject 9. FROM THE OIL CRISIS THE SECOND GLOBALISATION
9.1. Oil shocks and external debt (19731984).
9.2. Western economic policy responses to the crisis.
9.3. The collapse of socialism and the transition processes in Europe and Asia.
9.4. The outputs of the ISI: Latin America and East Asia.
9.5. Growth and dynamics OF globalization
Subject 10. THE IMPACT OF GLOBALIZATION.
10.1 The new economy
10.2. Financial deregulation, global enterprise and privatization.
10.3. New technologies, flexible specialization and business organization
10.4. Threats and challenges in global growth and convergence
Access the bibliography that your professor has requested from the Library.
Basic:
Robet C. Allen, (2011) Global Economic History: a very short introduction -available in ebook-
Amatori, F. & Colli, A. (2010) Business History: Complexities and Comparisons
Other references:
LDCROFT, D. H. (2003). Historia de la economía europea, 1914-2000. Barcelona: Crítica.
AMATORI, F. y COLLI, A. (2011). Business history: complexities and comparisons. London & New York, Routledge.
AMATORI, F. y JONES, G. (2003). Business history around the world. Cambridge, Cambridge University Press.
ARACIL, R., OLIVER, J., SEGURA, A. (1998). El Mundo actual: de la segunda guerra mundial a nuestros días. Barcelona, Edicions de la Universitat de Barcelona.
BROADBERRY, S. Y O'ROURKE, K. (2010). The Cambridge Economic History of Modern Europe, Cambridge, Cambridge University Press V. 1:1700-1870, V2: 1870 to the present.
CARRERAS, A. y TAFUNELL, X. (2004). Historia económica de la España contemporánea, Barcelona, Crítica.
CASTEL, O. (1998). Historie des faits économiques. Les trois âges de l´économie mondiale. París, Dalloz Eds.
CIPOLLA, C. (1976). Historia económica de la Europa preindustrial. Madrid, Alianza Editorial.
COMÍN, F. (1996). Historia de la Hacienda Pública. Barcelona, Crítica.
EICHENGREEN, B. (2000): La globalización del capital. Historia del sistema monetario Internacional. Barcelona, Antoni Bosch.
GARCIA DELGADO, J. L. y JIMÉNEZ, J. C. (1999), Un siglo de España. La economía, Madrid, Marcial Pons Eds.
KENWOOD, A. G. y LOUGHEED, A. L. (1972): Historia del desarrollo económico internacional. Madrid, Istmo.
JONES, G. (2005): Multinationals and Global Capitalism, from the Nineteenth to the Twenty-first Century, Oxford, Oxford University Press.
MADDISON, A. (1991): Historia del desarrollo capitalista. Sus fuerzas dinámicas. Barcelona, Ariel.
MARICHAL, C. (2010): Nueva historia de las grandes crisis financieras. Una perspectiva global, 1873-2008, Barcelona, Debate.
MASSA, P., BRACCO, G., GUENZI, A., DAVIS, J. A., FONTANA, G. L. y CARRERAS, A. (2003): Historia económica de Europa, Siglos XV-XX, Barcelona, Crítica.
MUÑOZ CIDAD, C. (1992): Estructura económica internacional. Introducción al crecimiento económico moderno. Madrid, Civitas.
NIVEAU, M. (1968): Historia de los hechos económicos contemporáneos. Barcelona, Ariel.
VV. AA. (1986): Historia económica mundial del siglo XX. Barcelona, Crítica, 6 vols.
ZAMAGNI, V. (2001): Historia económica de la Europa contemporánea. De la revolución industrial a la integración europea. Barcelona, Crítica.
Data and statistics:
CARRERAS, A. y TAFUNELL, X. (Coords. ), (2005), Estadísticas históricas de España, Siglos XIX-XX, Madrid, Fundación BBVA. 3 vols. .
MADDISON, A. (2002), La economía mundial. Una perspectiva milenaria, Madrid, Mundi-Prensa.
MADDISON, A. (2010), Statistics on World Population, GDP and Per Capita GDP, 1-2008 AD, Recurso electrónico http://www. ggdc. net/MADDISON/oriindex. htm
MITCHELL, B. R. (2007): International Historical Statistics. Europe, 1750-2005, New York, Palgrave McMillan.
MITCHELL, B. R. (2007): International Historical Statistics. The Americas, 1750-2005, New York, Palgrave McMillan.
MITCHELL, B. R. (2007): International Historical Statistics. Africa, Asia & Oceania, 1750-2005, New York, Palgrave McMillan.
The course will be taught in English (eventually some materials might be in Spanish, but in a negligible percentage).