Econ 115: Lecture Topics, Readings, and Assignments

Economics 115: Fall 2009: TTh 12:30-2, F295 Haas

http://delong.typepad.com/slouching

• Reader list for Econ 115
• Initial Administrivia Handout
• An Unnecessary Note on Workload
• Econ 115: Fall 2009: .mp3 Lecture Audio Files

Lecture Topics, Readings, and Assignments

Office Hours. Brad DeLong's office hours for this course are on Thursday 11-12:30, at the Business School cafeteria; [email protected].

Josh Hausman's office hours: Thursday after class Until 4 in Evans 608-3.
Theocharis Grigoriadis office hours : 2-4pm on Mondays in Evans 608-1.

M Aug 24: Before class begins: http://tinyurl.com/dl20090823b

Th Aug 27: Overview: Slouching Towards Utopia?

• Notes: http://delong.typepad.com/slouching/2009/08/econ-115-lecture-notes-august-27-2009-overview-slouching-towards-utopia.html

• Partha Dusgupta, “Prologue,” Chapter 1 in Partha Dasgupta, Economics: A Very Short Introduction, Oxford 2007, pp. 1-13 http://tinyurl.com/dl20090823a

• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 1-17 ("The Century: A Bird's Eye View")
• Barry Eichengreen, Globalizing Capital (Princeton University Press, 2008), Chapter 1.
• Jeffry Frieden, Global Capitalism, Prologue.

Powerpoints: http://delong.typepad.com/slouching/2009/08/twentieth-century-economic-history-econ-115-introductory-lecture--powerpoints.html Audio: http://delong.typepad.com/slouching/2009/08/econ-115-audio-lecture-1--overview-august-27-2009.html

T Sep 1: Slow Income Growth and the Absolute Poverty of the North Atlantic, 1800-1870

• Notes and audio: http://delong.typepad.com/slouching/2009/08/econ-115-lecture-notes-september-1-2009-slow-growth-and-poverty-in-the-north-atlantic-1800-1870.html

• Richard Sylla and Gianni Toniolo, “Introduction,” in Richard Sylla and Gianni Toniolo (eds.), Patterns of European Industrialization During the 19th Century, London: Routledge (1991), pp. 1-26.

Th Sep 3: No Income Growth and the Dire Absolute Poverty of the Globe, 1800-1870

• Notes: http://delong.typepad.com/slouching/2009/08/econ-115-lecture-notes-september-3-2009-stagnant-incomes-and-the-poverty-of-the-globe-1800-1870.html

• Audio: http://delong.typepad.com/slouching/2009/09/econ-115-lecture-3-audio-stagnant-incomes-and-the-poverty-of-the-globe-1800-1870.html

• Jared Diamond (1987), "The Invention of Agriculture: The Worst Mistake in the History of the Human Race," Discover. http://www.scribd.com/doc/2100251/Jared-Diamond-The-Worst-Mistake-in-the-History-of-the-Human-Race

F Sep 4: Essay due: why I am taking this class... http://tinyurl.com/dl20090823g

T Sep 8: The Invention of Invention: Modern Economic Growth Comes to the North Atlantic, 1870-1914

• Notes: http://delong.typepad.com/slouching/2009/08/econ-115-lecture-notes-september-8-2009-lecture-4-the-invention-of-invention-modern-economic-growth-comes-to-the-north-a.html
• Audio: http://delong.typepad.com/slouching/2009/09/econ-113-lecture-4-audio-the-invention-of-invention-1870-1914.html

• Optional: Leading Sectors, Technology, and Economic Growth: A Finger Exercise

• John Maynard Keynes (1920). The Economic Consequences of the Peace. Chapter 2. http://www.gutenberg.org/ebooks/15776

• Jeffry Frieden, Global Capitalism, chapter 3.

Th Sep 10: The Iron-Hulled Ocean-Going Steamship: One Economic World, Indivisible, 1870-1914

• Notes: http://delong.typepad.com/slouching/2009/08/econ-115-lecture-notes-september-10-2009-lecture-5-one-economic-world-indivisible-1870-1914.html

• Audio: http://delong.typepad.com/slouching/2009/09/econ-1155--the-first-global-economy-09102009.html

• Barry Eichengreen, Globalizing Capital (Princeton University Press, 2008), Chapter 2.

• Michael Bordo, "Globalization in Historical Perspective," Business Economics (January 2002). http:/people.ucsc.edu/~hutch/Econ143/bordo.pdf
• Jeffry Frieden, Global Capitalism, chapter 1.

F Sep 11: Problem set due: growth accounting and the coming of modern economic growth... Answers

• Hausman growth rates handout

T Sep 15: Democracy, 1870-1914

• Notes: http://delong.typepad.com/slouching/2009/09/econ-115-lecture-notes-september-15-2009-lecture-6-democracy.html

• Audio: http://delong.typepad.com/files/econ-115-6--democracy.aac

• W. Arthur Lewis. The Evolution of the International Economic Order, pp. 1-38 (chapters 1-6). http://delong.typepad.com/slouching/2009/09/econ-115-readings-lewis-evolution-of-the-international-economic-order.html

• Jeffry Frieden, Global Capitalism, chapter 5.

Th Sep 17: Empire, 1870-1914

• Notes: http://delong.typepad.com/slouching/2009/09/econ-115-lecture-nores-september-17-2009-lecture-7-empire-1870-1914.html *Audio: http://delong.typepad.com/files/econ-115-7--empire.aac

• W. Arthur Lewis. The Evolution of the International Economic Order, pp. 39-75 (chapters 7-10).

• Jeffry Frieden, Global Capitalism, chapter 4.

F Sep 18: Problem set due: gains from international trade

Lecture Audio Files for Classes Before First Exam: http://delong.typepad.com/slouching/2009/09/econ-115-fall-2009-lecture-audio-files-before-world-war-i.html

T Sep 22: FIRST EXAM (pre-WWI/police the reading/instructor reality check)

• Background in World History: 101 Events and 101 Videos/Pictures

Th Sep 24: The Knot of War: 1914-1920 and After

• Notes and Audio: http://delong.typepad.com/slouching/2009/10/econ-115-lecture-nores-september-24-2009-world-war-i-and-after.html

• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 21-35 (Chapter 1, part I).

• Jeffry Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 127-154 (Chapter 6).

T Sep 29: Trying to Keep Believing in Progress, 1920-1929

• Notes and Audio: http://delong.typepad.com/slouching/2009/10/econ-115-lecture-notes-september-29-2009-john-maynard-keynes-trying-to-rebuild-the-globe.html

• Charles Feinstein, Peter Temin and Gianni Toniolo, The European Economy Between the Wars (Oxford 1997), chapters 2, 3 and 5, pp. 18-53 and 84-102.

Th Oct 1: The Business Cycle and the Great Depression, 1825-1940 Continued to T Oct 6 and (probably) Th Oct 8: Class October 8 Moved to Chevron Auditorium in International House

• Notes and Audio: http://delong.typepad.com/slouching/2009/10/econ-115-lecture-notes-october-1-2009-great-depression-i.html

• Barry Eichengreen, Globalizing Capital, chapter 3.

• Peter Fearon, “Hoover, Roosevelt and American Economic Policy During the 1930s,” in W.R. Garside, Capitalism in Crisis: International Responses to the Great Depression (Pinter Publishers, 1993), pp. 114-147.
• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 85-108 (Chapter 3).
• Jeffry Frieden, Global Capitalism, chapter 8.

F Oct 2: Essay due: where my ancestors were in 1914-1945... http://tinyurl.com/dl20090823f

T Oct 6 13: Nazis, Bolsheviks, Fascists, Socialists, and Social Democrats, 1870-1933

• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 109-141 (Chapters 2 and 4).
• Jeffry Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 195-252 (Chapters 9-10).

Th Oct 13 15: Total War

F Oct 9 16: Problem set due: the Great Depression

T Oct 20: SECOND EXAM (1914-1973)

Th Oct 8 22: Dealing with the Imperial West, 1914-1950 I

• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 199-224 (Chapter 7).

T Oct 27: Dealing with the Imperial West, 1914-1950 II, and Cold Peace, 1933-1955

• Peter Howlett, “The Legacy of the Second World War,” in Max-Stephan Schulze (ed.), Western Europe: Economic and Social Change Since 1945 (Longman, 1999), chapter 1, pp. 5-22.
• Till Geiger, “Reconstruction and the Beginnings of European Integration,” in Max-Stephan Schulze (ed.), Western Europe: Economic and Social Change since 1945 (Longman, 1999), Chapter 3, pp. 23-41.
• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 36-53 (Chapter 1, parts II-IV).

Th Oct 15 29: Social Democracy in One (North Atlantic) Region, 1920-1975

• N.F.R Crafts, “The Great Boom, 1950-73,” in Max-Stephan Schulze (ed.), Western Europe: Economic and Social Change since 1945, chapter 4, pp. 42-62.
• Barry Eichengreen, Globalizing Capital, chapter 4.
• Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 257-274 (Chapter 9, parts I-III).
• Larry Neal and Daniel Barbazat, The Economics of the European Union and the Economies of Europe (Oxford University Press, 1998), chapter 4, pp. 70-87.
• Jeffry Frieden, Global Capitalism, chapters 11 and 12.

F Oct 16 30: Essay due: economic growth and the difference it made, 1914-1973 http://tinyurl.com/dl20090823e

T Oct 22 Nov 3: From Colonialism to Neocolonialism: Import Substitution, State Building, and Divergence, 1940-1980

• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 344-352 (Chapter 12, parts I-II).
• Jeffry Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 301-320 (Chapter 13).

Th Oct 27 Nov 5: Stalin, Mao, and Their Heirs 1926-1990; Japan and the Stubborn Boundaries of the "First World", 1870-1990

• Audio: Chairman Mao

• Richard Ericson, “The Classical Soviet-Type Economy: Nature of the System and Implications for Reform,” Journal of Economic Perspectives 5:4 (Autumn) 1991, pp. 11-27.

• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 344-352, 461-471 (Chapter 13, Chapter 16 part I).
• Jeffry Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 321-338 (Chapter 14).

F Oct 30 Nov 6: Essay due: coming to terms with totalitarianism... http://tinyurl.com/dl20090823d

T Nov 3 Nov 10 12: 1980: At the Peak of the Great Divergence: One World Unequal and Very Divisible; Social Democracy Exhausted: 1970-1995

• Lant Pritchett, “Divergence, Big Time,” Journal of Economic Perspectives (Summer 1997), pp.3-17
• Jeffry Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 435-453 (Chapter 19).
• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 403-418 (Chapter 14, parts I-II).
• Barry Eichengreen, Globalizing Capital, chapter 5.
• Jeffry Frieden, Global Capitalism, chapter 16.
• Dani Rodrik, “Getting Interventions Right: How South Korea and Taiwan Grew Rich,” Economic Policy 20, (1995) pp. 55-107.
• Edward J. Lincoln, “Japan's Financial Problems,” Brookings Papers on Economic Activity (1998), pp. 347-385. http://ideas.repec.org/a/bin/bpeajo/v29y1998i1998-2p347-385.html
• Anil Kashyap, “Sorting Out Japan's Financial Crisis,” Federal Reserve Bank of Chicago Economic Perspectives 2002 (fourth quarter), pp. 42-55.

T Nov 10 12 17: Neocolonialism, Neoliberalism, DeCommunization 1980-2000

• Paul Collier and Jan Willem Gunning, “Why Has Africa Grown Slowly?” Journal of Economic Perspectives (1999), pp. 3-22.
• John H. Coatsworth, “Structures, Endowments, and Institutions in the Economic History of Latin America, Latin American Research Review 40 (2005), pp. 126-144.
• Jeffry Frieden, Global Capitalism, chapters 17 and 19.
• Johannes Linn, “Ten Years of Transition in Central Europe and the Former Soviet Union: The Good News and the Not-So-Good News,” in Mario Blejer and Marko Skreb (eds.), Transition: The First Decade (MIT Press, 2002), pp. 15-44
• Hans-Werner Sinn, “The Withering East,” in Can Germany Be Saved? (MIT Press, 2007), First part of chapter 5, pp 139-161.
• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 471-499 (Chapter 16, parts II-VI).

Th Nov 12 17 19: Social Democracy and Its Discontents II

Th Nov 19: THIRD EXAM (1950-2010) CANCELLED

T Nov 24: NO CLASS

Th Nov 26: NO CLASS

M Nov 13 30: Essay: California poitics since the revolt of the haves... http://tinyurl.com/dl20090823c CANCELLED

T Dec 1: China (and India) Stand Up, 1975-2010

• Gregory C. Chow, “How and Why China Succeeded in Her Economic Reform,” China Economic Review (1993), pp. 117-128. http://ideas.repec.org/a/eee/chieco/v4y1993i2p117-128.html
• Dani Rodrik and Arvind Subraminaian, “From Hindu Growth to Productivity Surge: The Mystery of the Indian Growth Transition,” NBER Working Paper no. 10376 (March 2004). http://papers.nber.org/papers/w10376.pdf.

T Dec 1: 2 PM: Post-Lecture Party

Th Dec 3: The Great Global Leap Forward? 1940-2100

• Eric Hobsbawm, The Age of Extremes. New York: Vintage, 1996, pp. 522-557 (Chapter 18).
• Jeffrey Frieden, Global Capitalism. New York: W.W. Norton, 2006, pp. 413-434 (Chapter 18).
• Barry Eichengreen, Globalizing Capital, chapter 6 and chapter 7.
• Jeffry Frieden, Global Capitalism, chapter 20.
• Andrew Berg, “The Asian Crisis: Causes, Policy Responses and Outcomes,” IMF Working Paper no. 99/138 (October 1999). http://www.imf.org/external/pubs/cat/longres.cfm?sk=3295.0
• Olivier Blanchard, “The Economic Future of Europe,” Journal of Economic Perspectives (2004), pp. 3-26.
• Nicholas Stern et al., "The Stern Review on the Economics of Climate Change: Executive summary" http://www.hm-treasury.gov.uk/d/Executive_Summary.pdf

M Nov 6 Dec 14: Problem set: economic growth across countries

T Dec 8: Review Class

F Dec 11: Due 5 PM: 2500 words. Take one of your short papers for this course--I hope the one you liked most--and expand it and its argument to about 2500 words. This assignment substitutes for the cancelled November 19 midterm in all respects.

F Dec 18: FINAL EXAM 12:30-3:30pm (Group XVII)

Comments

[Matt Ciaschini]

The link for the audio leads to a blank page. And I am so missing listening to the next installment.
Thanks
Matt

[Joye]

I can't find the audio for the final two lectures posted. Any chance of getting those out--maybe before Christmas? Since I (and surely many others) have been following this course via the internet, a sense of closure is missing without the last lectures, especially since some of the later readings are difficult to access.
I believe the last audio posted is for Nov 17, neo-liberalism and neo-colonialism.
I did enjoy the sample final, though my math skills are too rusty for most of the problems. My next project will be working on the problems!
I'll take this opportunity to report that the course has been enjoyable and meaningful; I've had a great time following the syllabus through the lecture notes, audio, and readings. Thank you for posting these and making a truly educational experience available over the internet.