Economic History Courses at NHH: options for Bachelor students

HIS010 – International Economic History since 1750 Bjørn Basberg & Liam Brunt (English) HIS011 – Norwegian Economic History since 1800 Ola Grytten (Norwegian) HIS012 – Historical Development of Modern Business Bjørn Basberg (on leave until 2016) (Norwegian) 2

Historical Development of Modern Business Offers an international perspective on business development over the last 200 years Considers the importance – and evolution – of factors such as: entrepreneurship, technology, financing, labour relations, transport and communications, internationalization, regulation Supplemented with several in-depth case studies of major Norwegian businesses 3

Norwegian Economic History since 1800 Examines the major developments in the Norwegian economy over the last 200 years Examines the development of major variables such as national income, living standards, trade Considers the role of institutions – such as government and unions – and the preconditions for successful development 4

International Economic History since 1750 Examines the onset of modern economic growth around the world: from England in 1750, to Europe/North America in 1850, to developing countries today Considers the role of key institutional arrangements, such as the gold standard, empires, IMF/World Bank Analyzes global set-backs: the Great Depression, the Oil Shock Uses case studies to illustrate key developments Integrates economic theory with economic history 5

In general, Economic history tends to tackle broader questions than most other courses (eg the impact of the state of the economy on democracy) Tends to proceed inductively, rather than deductively More reliance on verbal reasoning, less on mathematical exposition Many parallels between historical episodes and current events (eg Great Depression v. Great Recession): ”Nothing new under the sun” 6