Module code: ECO3053

Module Overview

This module provides a general overview of how the world economy has evolved, focusing on the success of particular countries’ and regions; economic development over time. Long-term changes in population, productivity and industrial capacity are examined and quantified. The role of strong formal and informal institutions in economic development are considered. The module includes analyses of the original leading industrial nation, Great Britain, and the rise of the United States. The development of continental Europe and periphery countries will also be discussed along with the effects of the Great Depression, World Wars and other global crises.

Module provider


Module Leader

GOLSON Eric (Economics)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 6

JACs code: V310

Module cap (Maximum number of students): N/A

Module Availability

Semester 1

Prerequisites / Co-requisites


Module content

Indicative content includes:

  • Pre-modern growth

  • The Great Divergence

  • The Demographic Transition

  • The British Industrial Revolution

  • Rise of the USA to Global Pre-Eminence

  • Globalisation; the Gold Standard in Theory and Practice

  • Interwar Instability

  • The European Golden Age

  • African Development

  • Modern Economic Institutions

Assessment pattern

Assessment type Unit of assessment Weighting

Alternative Assessment


Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate their understanding of how theories and ideas are being developed, and how the environment relates to this evolution. It is designed to allow students to show that they have a basic understanding of how economics of a discipline has evolved, as well as stimulate discussions to allow students to question the validity of assertions.

Thus, the summative assessment for this module consists of two units of assessment:

  • An in-class test (1 Hour 15 minutes around week 7) worth 30% of the module mark. Consists of short answer questions requiring a broad engagement with the material. 


  • An examination (2 Hours) requiring two short answers (33%) and two essays (66% of the exam mark). The two essays can be selected from a list of seen topics released prior to the examination.


Formative assessment and feedback

Formative assessment and feedback is given through discussion in lectures, many of which will be team-centered, in which students are asked to prepare and present (in rival groups) the case for one school of thought against another. Further, feedback is provided for the class test, and general questions posted in lectures / online. Office hours provide further opportunities for individual feedback and discussion.

Module aims

  • To familiarise students with the ways in which micro-economic and other analytical tools can illuminate our understanding of the historical understanding of economic development.

Learning outcomes

Attributes Developed
001 Display knowledge of the chronology of economic development from the First Industrial Revolution to modern times KC
002 Explain how technological change and innovation have helped shaped economic and business development KC
003 Discuss historical developments of economic actors, institutions and society KC
004 Comprehend the causes of economic crises and the solutions offered by different schools of thought K
005 Evaluate the role of economic investment, research and development, and technological policy in the shaping of the economy and economic history KCPT
006 Display knowledge of the nature of differences in long-term economic development KCPT

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Overall student workload

Independent Study Hours: 130

Lecture Hours: 20

Methods of Teaching / Learning

The learning and teaching strategy is designed to:

  • Build an appreciation of how ideas and theories are developed and evolve to address issues of importance.

  • Allow students to communicate their knowledge of relevant economic theories and ideas in (group) discussions effectively.


The learning and teaching methods include:


  • Lectures with opportunties for discussion and group work (2 x 10 hours, excluding test)

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list


Programmes this module appears in

Programme Semester Classification Qualifying conditions
Politics and Economics BSc (Hons) 1 Optional A weighted aggregate mark of 40% is required to pass the module
Liberal Arts and Sciences BA (Hons)/BSc (Hons) 1 Optional A weighted aggregate mark of 40% is required to pass the module
Business Economics BSc (Hons) 1 Optional A weighted aggregate mark of 40% is required to pass the module
Economics BSc (Hons) 1 Optional A weighted aggregate mark of 40% is required to pass the module
Economics and Finance BSc (Hons) 1 Optional A weighted aggregate mark of 40% is required to pass the module
Economics and Mathematics BSc (Hons) 1 Optional A weighted aggregate mark of 40% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2018/9 academic year.