31E40100 - History of Economic Growth and Crises D, Lecture, 7.1.2025-21.2.2025

Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

At the end of the course, students will be familiar with (a) the basic facts about long-term economic growth, (b) the main theories for why some places grew rich while others did not, and (c) examples of empirical work attempting to test these theories. In addition, the course will provide historical perspective for understanding the causes and consequences of financial crises.

Credits: 6

Schedule: 07.01.2025 - 21.02.2025

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Matti Sarvimäki

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • valid for whole curriculum period:

    This course documents and explains the history of economic growth. Topics discussed include technological and financial innovation, political and economic institutions, industrialization, international trade, social mobility and inequality. We discuss how cross-country differences in economic development have been explained by differences in geography, culture, institutions and luck, and review work assessing the empirical relevance of these explanations. We also cover research on financial crises and the industrial revolution.

Assessment Methods and Criteria

  • valid for whole curriculum period:

    1. Lectures
    2. Assignments (50% of the final marking)
    3. Final exam (50% of the final marking)

Workload

  • valid for whole curriculum period:

    1. Lectures: 26 h
    2. Independent study: 130 h
    3. Exam: 4 h

DETAILS

Study Material

  • valid for whole curriculum period:

    Materials covered in the lectures and readings assigned in the course

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    1 No Poverty

    2 Zero Hunger

    3 Good Health and Well-being

    4 Quality Education

    5 Gender Equality

    6 Clean Water and Sanitation

    8 Decent Work and Economic Growth

    9 Industry, Innovation and Infrastructure

    10 Reduced Inequality

    11 Sustainable Cities and Communities

    12 Responsible Production and Consumption

    13 Climate Action

    16 Peace and Justice Strong Institutions

    17 Partnerships for the Goals

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Language: English

    Teaching Period: 2024-2025 Spring III
    2025-2026 Spring III

    Registration:

    Registration in Sisu. 

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof