Introduction: Economic History and Economic Growth I. Economic growth and economic development II.

Production factors, technology and markets III. What does ultimately determine economic growth? IV. Growth accounting and TFP growth V. Historical cases of economic leadership 1. Netherlands 2. Great Britain 3. United States Agriculture, living standards and population in preindustrial economies I. Production factors: Labor and land 1. Historical evolution (before the 19th Century) 2. Demographic rates II. Thomas Malthus 1. Population theory 2. Malthus according to Clark 3. Diminishing marginal returns of labor 4. Preventive and positive checks 5. The European marriage, fertility and reproduction patterns 6. Malthus, death rates and technological change III. The Boserup model 1. Definition 2. Criticism against Malthus theories and conclussions Institutions, property rights and goods & factor markets I. Introduction II. Institutionalism 1. North and Thomas -Market failures and externalities -The role of institutions 2. Acemoglu and Robinson III. The example of Great Britain 1. Institutional change and efficiency 2. Historical evolution -Constitutional monarchy and the Bill of Rights (1689) -Consequences for economic growth -The Glorious Revolution -Problems IV. Smithian growth The Atlantic economy in the Early Modern Period (c. 1600-1750) I. The first stages -Portugal and spain II. The rise of the Dutch 1. The Dutch and the Baltic trade 2. Transport costs and the Fluyt 3. New trade routes and spice trade with Asia 4. Colonization 5. Institutions and Dutch trade 6. New Colonialism in West Indies III. The rise of England 1. The West Indies and New Colonialism 2. Colonization of North America 3. Effects of New Colonialism 4. The Navigation Acts 5. The Navy and tax revenues The Industrial Revolution I. Was it a “revolution”? II. Components III. Why in England? 1. Geography -Resources -Island 2. Population -Real wages -Supply of labor 3. Productive agriculture 4. Institutions, policy and government -Defined property rights -Capital markets -Patents 5. Trading -Foreign trade -Domestic market 6. Income per capita 7. Social changes -Science, technology and knowledge. The Baconian program -Technology and factor endowment -Joel Mokyr, inventions and Enlightment Globalization of goods & factor markets in the 19th Century The United States, the birth of a superpower (c. 1850-1940)

the Interwar years and the Great Depression Reconstruction after WWII and the Golden Age of economic growth (1950-1973) Post-1973 crisis.Disintegration after WWI. the Second Globalization and the beginning of the 21 st Century The international economy in the 20th Century .