ECON 203 | Course Introduction and Application Information - Department of Economics

Course Name

Economic History

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
ECON 203	Fall/Spring	3	0	3	6

Prerequisites	None
Course Language	English
Course Type	Elective
Course Level	First Cycle
Mode of Delivery	Blended
Teaching Methods and Techniques of the Course	-
National Occupation Classification	-
Course Coordinator	Doç. Dr. Gül ERTAN ÖZGÜZER
Course Lecturer(s)	Öğr. Gör. Dr. Barış Çetin Can Eren
Assistant(s)	Arş.Gör. Samet ŞİMŞEK

Course Objectives	The aim of this course is to give students a background on economic developments and origins of contemporary society. The main focus of the course will be the emergence and the development of social and economic systems, and how these systems have come toshape our contemporary world, by giving emphasis on the European context. Keeping this aim in mind, we will first consider what economic history is (what kind of a discipline it is, how is different from economics, etc.), and then consider what in human history had paved the way to capitalism. The course will be ended with a brief discussion of the contemporary era, in which the process of globalization is said to be prevalent.
Learning Outcomes	The students who succeeded in this course; Analyze the evolution of economic institutions from a historical and comparative perspective. Define and explain non-capitalist economic formations. Explain the functioning of current economic processes using a historical perspective. Explain the importance of technology and other non-market institutions in the evolution of economic processes. Compare and analyze the relationships between regional, national, and international economic developments in a historical context.
Course Description	The aim of this course is to inform students about the historical development of economic processes and institutions and the evolution of production, distribution, consumption patterns, and the factors of production in the world and particularly in Western Europe. Some of the topics on this course include: economic processes in the ancient world and middle ages, geographical expansion of the Western world, industrial revolution, developments in agriculture, finance, banking sectors during the expansion process of the main European countries, application of technology, developments in telecommunication and transportation, the role of the state, the growth of the world economy and impact of the European industrialized countries on the rest of the world, and the economic developments of the post World War I and II.
Related Sustainable Development Goals

Course Category	Core Courses	X
	Major Area Courses
	Supportive Courses
	Media and Management Skills Courses
	Transferable Skill Courses

Week	Subjects	Related Preparation
1	Preparation	Arrighi, Giovanni. The Long Twentieth Century: Money, Power, and the Origins of Our Times. London: Verso, 2010.
2	Introduction to Historical Capitalism	Required: Arrighi, Introduction, pp. 1–27 Optional: Braudel, Fernand. The Wheels of Commerce, pp. 21–23, 229–230. Braudel, Fernand. Afterthoughts on Material Civilization and Capitalism, pp. 63–75. Smith, Adam. The Wealth of Nations, pp. 190–191, 235–237. Wallerstein, Immanuel. Unthinking Social Science, chs. 14–15.
3	Hegemony and the Modern Interstate System	Required: Arrighi, Chapter 1, pp. 28–47 Optional: Ruggie, John Gerard. “Territoriality and Beyond.” International Organization 47, no. 1 (1993). Tilly, Charles. Coercion, Capital, and European States, pp. 28–33. Wiesner-Hanks, Merry E. Early Modern Europe, chs. 1 and 3.
4	Comparative Hegemonies: Britain and the United States	Required: Arrighi, Chapter 1, pp. 48–85 Optional: Cain, P. J., and A. G. Hopkins. British Imperialism, chs. 2–3. Rosenberg, Emily S. Spreading the American Dream, Introduction and chs. 1–2. Darwin, John. After Tamerlane, chs. 11 and 15.
5	The Genesis of High Finance	Required: Arrighi, Chapter 2, pp. 86–110 Optional: Lane, Frederic C. Profits from Power, ch. 3. Pirenne, Henri. “The Stages in the Social History of Capitalism.” Parks, Tim. Medici Money, Introduction and chs. 1–3.
6	The Genoese Systemic Cycle	Required: Arrighi, Chapter 2, pp. 111–129 Optional: Lane, Frederic C. Venice: A Maritime Republic, chs. 9–10. Braudel, Fernand. The Mediterranean, Part II, ch. 5. Parker, Geoffrey. The Military Revolution, ch. 2.
7	The Dutch Systemic Cycle	Required: Arrighi, Chapter 2, pp. 130–147 Optional: Braudel, Fernand. The Perspective of the World, ch. 3. de Vries, Jan. The Dutch Rural Economy, chs. 5 and 7.
8	Midterm Exam
9	The Dialectic of State and Capital	Required: Arrighi, Chapter 2, pp. 148–162 Optional: Braudel, Fernand. The Perspective of the World, pp. 116–174.
10	The British Systemic Cycle: Industry and Empire	Required: Arrighi, Chapter 3, pp. 163–178 Optional: Hobsbawm, Eric. Industry and Empire, selected chapters. O’Brien, Patrick. Selected essays on British industrialization and empire. Marshall, P. J. Selected writings on the British Empire.
11	Capitalism and Territorialism in the British World System	Required: Arrighi, Chapter 3, pp. 179–218 Optional: Braudel, Fernand. The Perspective of the World, pp. 352–385. Cain, P. J., and A. G. Hopkins. “The Political Economy of British Expansion.” Economic History Review 33, no. 4 (1980).
12	Patterns of Recurrence and Evolution	Required: Arrighi, Chapter 3, pp. 219–246 Optional: Marx, Karl. Capital, vol. 3, ch. 15. Weber, Max. General Economic History, chs. 12 and 18. Mensch, Gerhard. Stalemate in Technology, chs. 1–2, 4.
13	The American Systemic Cycle I: Market and Plan	Required: Arrighi, Chapter 4, pp. 247–276 Optional: Chandler, Alfred D. Jr. The Visible Hand, chs. 7–8. Aglietta, Michel. A Theory of Capitalist Regulation, Part I.
14	The American Systemic Cycle II: Global Order	Required: Arrighi, Chapter 4, pp. 277–308 Optional: Ruggie, John Gerard. “International Regimes, Transactions, and Change: Embedded Liberalism in the Postwar Economic Order.” International Organization 36, no. 2 (1982). Eichengreen, Barry. Globalizing Capital, ch. 4. Strange, Susan. States and Markets, chapter on structural power.
15	Global Crisis and Financialization	Required: Arrighi, Chapter 4, pp. 309–335; Optional: Krippner, Greta R. Capitalizing on Crisis, Introduction and ch. 2.
16	The Future of Capitalism and Rise of the East Asia	Required: Arrighi, Epilogue and Postscript Optional Arrighi, Giovanni. Adam Smith in Beijing, Introduction and Conclusion Panitch, Leo, and Sam Gindin. The Making of Global Capitalism, ch1

Course Notes/Textbooks

Arrighi, Giovanni. The Long Twentieth Century: Money, Power, and the

Origins of Our Times. London: Verso, 2010.

Suggested Readings/Materials

Selected Bibliography

Aglietta, Michel. A Theory of Capitalist Regulation. London: Verso, 1979.

Arrighi, Giovanni. Adam Smith in Beijing. London: Verso, 2007.

Braudel, Fernand. Afterthoughts on Material Civilization and Capitalism.

Baltimore: Johns Hopkins University Press, 1977.

Braudel, Fernand. The Mediterranean and the Mediterranean World in the

Age of Philip II. 2 vols. New York: Harper & Row, 1972–73.

Braudel, Fernand. The Perspective of the World. New York: Harper & Row,

1984.

Braudel, Fernand. The Wheels of Commerce. New York: Harper & Row, 1982.

Cain, P. J., and A. G. Hopkins. British Imperialism, 1688–2015. London:

Routledge, 2016.

Chandler, Alfred D. Jr. The Visible Hand. Cambridge, MA: Harvard

University Press, 1977.

Darwin, John. After Tamerlane. London: Penguin, 2007.

de Vries, Jan. The Dutch Rural Economy in the Golden Age, 1500–1700. New

Haven: Yale University Press, 1974.

Eichengreen, Barry. Globalizing Capital. Princeton: Princeton University

Press, 2008.

Hobsbawm, Eric. Industry and Empire. London: Penguin, 1968.

Krippner, Greta R. Capitalizing on Crisis. Cambridge, MA: Harvard University

Press, 2011.

Lane, Frederic C. Profits from Power. Albany: SUNY Press, 1979.

Marx, Karl. Capital. Vol. 3. London: Penguin, 1981.

Panitch, Leo, and Sam Gindin. The Making of Global Capitalism. London:

Verso, 2012.

Smith, Adam. The Wealth of Nations. Oxford: Oxford University Press, 1976.

Strange, Susan. States and Markets. London: Pinter, 1988.

Tilly, Charles. Coercion, Capital, and European States, 990–1992. Oxford:

Blackwell, 1990.

Wallerstein, Immanuel. Unthinking Social Science. Cambridge: Polity Press,

1991.

Weber, Max. General Economic History. New York: Collier Books, 1961.

Wiesner-Hanks, Merry E. Early Modern Europe, 1450–1789. Cambridge:

Cambridge University Press, 2010.

Semester Activities	Number	Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques	4	20
Portfolio
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm	1	40
Final Exam	1	40
Total

Weighting of Semester Activities on the Final Grade		60
Weighting of End-of-Semester Activities on the Final Grade		40
Total

Semester Activities	Number	Duration (Hours)	Workload
Theoretical Course Hours (Including exam week: 16 x total hours)	16	3	48
Laboratory / Application Hours (Including exam week: '.16.' x total hours)	16		0
Study Hours Out of Class	16	3	48
Field Work			0
Quizzes / Studio Critiques	4	5	20
Portfolio			0
Homework / Assignments			0
Presentation / Jury			0
Project			0
Seminar / Workshop			0
Oral Exam			0
Midterms	1	32	32
Final Exam	1	32	32
		Total	180

#	Program Competencies/Outcomes	* Contribution Level
#	Program Competencies/Outcomes	1	2	3	4	5
1	To be able to acquire a sound knowledge of fundamental concepts, theories, principles and methods of investigation specific to the economic field.	-	-	X	-	-
2	To be able to apply adequate mathematical, econometric, statistical and data analysis models to process economic data and to implement scientific research for development of economic policies.	-	-	X	-	-
3	To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently.	-	-	-	-	-
4	To be able to have adequate social responsibility with regards to the needs of the society and to organize the activities to influence social dynamics in line with social goals.	-	-	-	-	-
5	To be able to integrate the knowledge and training acquired during the university education with personal education and produce a synthesis of knowledge one requires.	-	-	-	-	-
6	To be able to evaluate his/her advance level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically.	-	X	-	-	-
7	To be able to acquire necessary skills to integrate social dynamics into economic process both as an input and an output.	-	-	-	-	-
8	To be able to link accumulated knowledge acquired during the university education with historical and cultural qualities of the society and be able to convey it to different strata of society.	-	-	-	X	-
9	To be able to take the responsibility as an individual and as a team member.	-	-	-	-	-
10	To be able to attain social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis.	-	-	X	-	-
11	To be able to collect data in economics and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1)	-	-	-	-	-
12	To be able to speak a second foreign language at a medium level of fluency efficiently.	-	-	-	-	-
13	To be able to relate the knowledge accumulated throughout human history to their field of economics.	-	-	-	-	-