MOØ244 History of economy and technology

Contents and structure

The course consists of two parts:

Economic and technological history in the perspective of change and continuity. The course introduces the student to the emergence of capitalism and a capitalist market economy, as well as economic and technological change over time. The topics presented are discussed with an emphasis on economic crises as a driver for change.

The economic part emphasizes globalization and the role of institutions in promoting or inhibiting processes of globalization. It also emphasize the balance between public and private capital, regional integration and various approaches to democratic governance of financial activity

The technological part of the course discusses technological development on a global, regional and national level, divided into four phases, starting from the first industrial revolution to the contemporary phase of industry 4.0. Current trends related to robotics, digitalization and automation, is presented and discussed in historical perspective. Similarities and differences in the organization and content of innovation processes become important topics.

Learning Outcome

Knowledge:

• Broad knowledge of key concepts and theories of globalization, economic growth and development of capital markets.
• Knowledge of challenges related to governance in a global economy, as well as discussions on regulation of financial and capital markets and on alternative economic models with an emphasis on sustainable development.
• Broad knowledge of key concepts and theories of technological change.
• Knowledge about Norwegian and global technology history, including how to organize technology development, technological regimes and institutions that have been central in contributing to technology development.

Skills:

• Can apply academic knowledge and relevant results from research and development within economic and technological history when it comes to analyzing projects.
• Find, evaluate and display information and relevant literature, and present this so that it highlights current issues related to finance, technology and organizing economic analysis.
• Can apply the UN's sustainability goals to businesses and projects in a historical context.

Competence:

On completion of the course, the student can:

• Understand the economic trends, and the function of economic crises for innovation and economic growth.
• Has insight into theories of circular economy.
• Can plan and carry out work tasks and projects that extend over time, both alone and as a participant in a group. This in accordance with ethical requirements and guidelines.
• Can convey central subject matter such as theories, issues and solutions both in writing, orally and through other relevant forms of expression.

Can exchange views and experiences with others who has a background in the subject area and through this contribute to the development of good 

Entry requirements

Admission requirements for the master programme.

Teaching methods

Lectures, seminars and student projects/group work.

Compulsory learning activities

Presentation of article or chapter.

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Assessment

Group-based assignment and a 4-hour written individual school exam.

Group-based assignment must be 5-12 pages, and will count as 40% of the final assessment. Written individual school examination will count as 60% of the final assessment.

Grading scale A-F where F is fail.

Both parts must be passed in order to obtain a passing grade in the course.

Examination support material

None

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