The primary aim of this
course is to provide students with an overview of the evolution
and integration of the world economy since 1850. The course
of study involves a cursory examination of the factors facilitating
the growth and development of the international economy from
1850 to the creation of the World Trade Organisation. Topics
to be discussed include cycles and waves in economic development;
the international movement of capital, international migration,
technology; commercial policy and the growth of trade; business
organisation and the growth of big businesses; the evolution
of the international payment system; comparative economic growth
and the question of development and underdevelopment.
The history is divided into two time periods viz.1850-1914 and
1915-1990. In each period major developments in labour migration,
movement of capital, technical innovations, trade and commercial
policy, international payments and the international monetary
system are discussed
Teaching
Method
Three classes - Two
one-hour Lecture and one one-hour tutorial per week
Evaluation
There will be three areas
of evaluation as under:
Course Work : 30}
Class participation : 10} 40
Final Examination : 60
Course work comprises of two essays viz. an in-course test examining
the first period and a take home essay examining the second,
each essay will account for 15% (30% of the final examination
grade). A final examination of 2 hours with two questions, one
on each period (60 %).