ECONOMIC HISTORY|EARLY MODERN|BRITAIN|INDUSTRIAL REVOLUTION|BRITISH HISTORY

The &#039;industrial revolution&#039; was one of the three or four most important transformations in human history, and Britain was the first society to...

The Industrial Revolution in Britain (HIST0039)

The 'industrial revolution' was one of the three or four most important transformations in human history, and Britain was the first society to experience it. At heart that transformation was economic, a profound increase in both outputs and productivity. But crucially it had important social, cultural, intellectual and political dimensions: class, gender and generational relations changed considerably; new attitudes towards risk and consumption were forged; radical new ideas proliferated about the economy and the environment, the individual and the collective; and both state and empire played important roles in this 'great transformation'. This course, therefore, locates economic developments within a wider framework and explores how dramatically yet uncertainly Britain changed in the 130 years or so before 1830. The course is based on secondary sources, including plenty of tables and graphs. It is taught via weekly seminars. In addition to assessments, compulsory non-assessed coursework, such as book reviews, may also often be set.

The module will cover open economy macroeconomics with applications to the Euro Area crisis and Eastern Europe. The first half of the module will start with a...

The module will cover open economy macroeconomics with applications to the Euro Area crisis and Eastern Europe. The first half of the module will start with a refresher on the Mundell-Fleming model, discuss central banks operations, and theories of the determinants and stability of the exchange rate. The module will also cover theories of speculative attacks.

The second part of the module will cover policy issues in emerging markets. The module will discuss how emerging market economies should respond to volatile cross-border capital flows as well as describe the impact of the global crisis on Emerging Europe (within and outside of the Euro Area) and explain adjustment programs.

Finally, the module will present the evolution of the international monetary system (IMS), international policy coordination, and “rules of the road” for a stable IMS.