- Docente: Francesco Piro
- Credits: 8
- SSD: SECS-P/12
- Language: Italian
- Teaching Mode: In-person learning (entirely or partially)
- Campus: Bologna
- Corso: Second cycle degree programme (LM) in Local and Global Development (cod. 8785)
Learning outcomes
At the end of this course and having completed the essential readings and activities the students should have learnt:
-to understand the evolution of european economies
-to appreciate the different paths of development
-to acquire a critical approach on the current economic facts.The course helps to analyze the economic phenomena with a long term and comparative perspective
Course contents
The economic growth in the preindustrial Europe.From rural domestic industry to industrialisation.Institutions and Development : a linkage.Money,credit and banking.The Europeans in first globalisation,the foundation of the Joint Stock Companies,the first financial crises.The financial Revolution:from public debts to Central Banks.The Industrial Revolution in England and the different patterns through the continental Europe.Mercantilism,Free Trade,Protectionism.National features:France,Germany,Italy,Russia.The End of Gold Standard,the WWI,the Economic Consequences of the Peace.When Money Dies:Weimar.When Democracy Dies: 1929,The Unemployment.
Golden Fetterns:The Great Crisis,The New Conflict.
The Era of Political Economy:from the minimal State to the Welfare State.The new Cooperation:Bretton Woods, the Marshall Plan, the European Payments Union.Keynes had a dream:the bancor as universal currency.The collectivist economies and the Comecon.The economic integration in Western Europe. The decision to suspend the convertibility of dollars into gold(August 1971),the floating exchange rates.The Oil prices :new challenges.A new political Economy:from full employment to inflation targeting.The turning point of monetarism and the deregulation of the financial markets.The Fall of the Wall and the Treaty of Maastricht.Europe and the global crisis.
Readings/Bibliography
Braudel F.,Espansione europea e capitalismo,1450-1650,Bologna,Il Mulino,1999
Keynes J.M.,Eutopia.Proposte per una moneta internazionale,a cura di L.Fantacci,Milano,Et.Al.,2011
Di Vittorio A.,(coordinamento di),Dall'espansione allo sviluppo.Una storia economica d'Europa,Torino,Giappichelli,2005
Piketty T.,Le capital au XXI siècle,Paris,Editions du Seuil,2013.You can also use the English version or the Italian
Teaching methods
Each lesson will focus on a specific issue,with reference to the previous lessons,seeking the partecipation of the students.
Assessment methods
For the students who attend the lectures,the exam will be based on a written test after one month from the beginning of the lessons,the discussion of an individual paper and two questions in the oral examination.
For non attending:arrange with the teacher a written research at least two months before the date of exam,achieve a positive vote that will average with that of the oral examination,based on four questions.
Teaching tools
The maps and the statistical data will be shown and explained.
Office hours
See the website of Francesco Piro