ECON 777: an economic historical survey regarding the birth of money as well as financial invesment

This course is an economic historical survey regarding the birth of money as well as financial invesment from the ancient world to the present day. Core topics range from the rise of trade in the Ancient Near East, Asia as well as Mediterranean world, the use of coinage, the birth of international empires, the first global banking centres and stock markets, the creation of “Financial Bubbles,” the first global banking families and business tycoons as well as their contributions to world finance, liberal challenges to Capitalism, money’s role in revolutions and world wars, the Great Crash of 1929, Cold War Economics, the rise of the Far East and India, “Reaganomics,” the EU’s creation, the Global Recession of 2008 and its’ present day effects, currency wars, the best creditor nations, and America’s role in the global economy.
 
 
 
Learning Outcomes
 
: Upon successful course completion, students will be able to:

1. Illustrate and explain the ancient origins of trade and finance.
2. Compare and contrast the ancient economies of the Near East, Asia and Mediterranean world as well as analyseand synthesisetheir influence on the birth of modern finance.
3. Explain the reasons for the early use of gold and silver coinage.
4. Explain the economic and political factors the shaped the first international empires and ways in which these empires stimulated global finance once created.
5. Compare and contrast the ways in which global trade brought forth the birth of modern banking, stock trade as well as Capitalism itself.
6. Illustrate and explain “Laissez-Faire” economics and its’ relation to

the Industrial Revolution.

7. Analyse, synthesiseas well as argue ways in which Socialism and later Marxism were both responses to Capitalism as well as differentiate between the two systems.
8. Explain the role of money in modern revolutions, world wars as well as in the developementof present day globalisation.
9. Illustrate the rise of the Far East, India, Russia, the European Union, and Latin America as global economic players and of the currency and trade wars these regions have created.
10. Compare and contrast the 2008 Global Recession, its’ current aftermath effects with the 1929 New York Stock Market Crash as well as explain both America and the EU’s proposed solutions.??

11. Compare and contrast the similarities and differences between Western, Asian, and Pacific markets as well as identify the various global financial centresand explain how each contributes to the global economy.
12. List the top ten nations with the best credit ratings as well as explain the reasons for their debt reduction success.
13. Explain reasons regarding Australia and Canada’s present day economic success and reaonsboth nations have suffered little from the current recession.??

14. Explain America’s role in the present global economy,analyseits’ challenges in maintaining the role of world economic and political superpower as well as synthesiseways in which the U.S. might revitalise itself economically and therefore reaffirm its’ role as the leader or leading key player of global finance?

15. Demonstrate qualitiveand quantitiveresearch as well as writing skills regarding world financial history in exams essays.

 
 
 
Exam Research Source Suggestions-Scholarly Books:
 
The Age of Supply: Overcoming The Greatest Challenge To The Global Economy
 
by Daniel Alpert
 
Open Secret: The Global Banking Conspiracy That Swindled Investors Out of Billions
 
by Erin Arvedlund
 
Europe’s Financial Crisis: A Shorty Guide To How The Euro Fell Into Crisis And The Consequences For The World
 
by John Authers
 
Poor Economics
 
by Abhijit V. Banerjee and Esther Duflo
 
In Defence of Globalisation
 
by Jhagdish Bhagwhati
 
The Globalisation of Inequality
 
by Francois Bourguignon
 
Economics: The User’s Guide
 
by Ha-Joon Chang
 
The Money Machine: How the City Works
 
by Philip Coggan
 
Globalising Capital: A History of the International Monetary System
 
, Exorbitant Priviledge, and Hall of Mirrors
 
by Barry Eichengreen
 
The Ascent of Money
 
by Niall Ferguson
 
The Next 100 Years:  A Forecast for the 21st Century
 
by George Freeman
 
That Used To Be Us
 
by Thomas K. Friedman and
Michael Mandelbaum
 
The Undercover Economist
 
by Tim Harford
 
An End to Poverty? A Historical Debate
 
by Gareth Stedman Jones
 
Money: The Unauthorised Biography
 
by Felix Martin
 
Inequality and Instability
 
and The End of Normal
 
by James K. Galbraith
 
Capitalism and Modern Social Thought and The Third Way
 
by Anthony Giddens
 
The Map and The Territory 2.0: Risk, Human Nature, And The Future of Forecasting
 
by Alan Greenspan
 
Network Power: The Social Dynamics of Globalisation
 
by David Singh Grewal
 
Global Community: The Role of International Organisations in the Making of the Contemporary World
 
by Akira Iriye
 
End This Depression Now
 
by Paul Krugman
 
The Geneva Consensus: Making Trade Work For All
 
by Pascal Lamy
 
Crisis in The Eurozone
 
and Proftiting Without Producing: How Finance Exploits Us All
 
by Costas Lapavitsas
 
The Future of Power
 
by Joseph Nye
 
Currency Wars: The Making of the Next Global Crisis
 
by James Rickards
 
The Globilization Paradox: Democracy and the Future of the World Economy
 
by Dani Rodrik
 
The Failure of Political Islam
 
and Globalised Islam
 
by Olivier Roy
 
Crisis Economics: A Crash Course In The Future of Finance
 
by Nouriel Roubini and Stephen Mihm
 
What Money Can’t Buy
 
by Michael J Sandel
 
Developement as Freedom
 
and
 
The Idea of Justice
 
by Amartya Sen.
 
One World
 
by Peter Singer
 
The Roaring Nineties
 
and The Price of Inequality
 
by Joseph Stiglitz
 
The Great Deformation: The Corruption of Capitalism in America
 
by David A. Stockman
 
Does Capitalism Have a Future?
 
by Immanuel Wallerstein, Randall Collins, Michael Mann, Georgi Derluguian and Craig Calhoun
 
Fixing Global Finance
 
and The Shifts and The Shocks: What We’ve Learned-And Have Still To Learn-from the Financial Crisis
 
by Martin Wolf
 
Creating a World Without Power
 
by Muhammed Yunnas