Professor John Munro passed away on December 23, 2013. This site is maintained and kept online as an archive. For more infomation please visit the Centre for Medieval Studies
Professor John Munro
Department of Economics
UNIVERSITY OF TORONTO
http://www.economics.utoronto.ca/munro5/
Updated on 25 September 2013
NOTICE: THE ONLINE LECTURE NOTES SHOULD BE USED ONLY AS SUPPLEMENTS TO THE ACTUAL ORAL LECTURES GIVEN IN CLASS: NOT AS A SUBSTITUTE FOR THEM
Please read with care the web notice on this issue of online lectures: if you wish to pass the final examination. You are unlikely to do so if you skip the lectures and try to rely on just the online lectures notes -- especially if you leave this task to the end of the term.
The following table provides a list of the lecture notes published online, on my Home Page, as indicated above, in both: Portable Document Format [PDF], which requires Adobe Acrobat Reader software, and in Micro-Soft Word. Each version is indicated in the date column, on the left, with pdf and MS-Word highlighted.
The previous set of ECO 301Y lectures (given in 2011-2012) have now been deleted from the Economics server and will be replaced by the revised versions only after they have been delivered in class (and further revised, if necessary); and only after being given in their complete form -- i.e., sometimes only after two weeks. If you click on the URL for a lecture not yet given, you will receive a 404 Error message, stating that the file cannot be found: 'The link you are looking for is either no longer valid or has moved'.
The various files containing graphs, maps, drawings, etc., posted in MS-Word, PDF, or html formts, have been retained online (permanently); and in that same column.
Please understand that I revise each lecture before I give it, and often after I present it, in the light of classroom questions or discussion (yes, even after 47 years of university teaching, 1964 to the present). After the revised lecture has been delivered -- that evening or the next day -- the revised lecture, with the new (and correct) date will be posted. If the lecture notes are subsequently revised and reposted, the letter (R), in parentheses, will appear after the date or after the already highlighted MS-Word. You will, however, have to use the html version of this document, i.e., with the table below, to access those lectures, by so clicking on the highlighted titles. Such access is, of course, not available in pdf documents.
Most of the lectures sets pertain to just one weekly lecture, but a few of these numbered sets will cover two lecture dates. As noted in the course website, four lectures in each term will be for 2.5 hours rather than the standard two hours, in order to make up for the four lecture hours eliminated by the radical change in our semester system. The dates below are those on which the actual lecture(s) was/were delivered. As noted above, the lecture notes for that specific date will be posted (revised) usually within a day (or so) of the lecture. You will also find, on this site, separate Word files containing the relevant graphs, maps, illustrations, for each of the lectures (similarly highlighted). Those that were previously posted remain posted on this site.
The lecture topics given below are taken from the Outline of the Lectures in ECO 301Y.
FIRST SEMESTER: SEPTEMBER TO NOVEMBER 2013
No.   |
Date of Lecture: Week no.   |
Title of Lecture/Lecture Topics covered   | ||||||||||||||||||||||||||||||||||||||||||
1 |
11 September 2013: week 1 | INTRODUCTION:
Course Organization: No PDF or Word file online (Power Point only). Why study economic history? In a pdf file, which is also available as an MS-Word file. Was Medieval Europe Unique? Online lecture: chiefly for reading only. I. General Survey of the Later Medieval Economy, ca. 1000 - 1500: Economic Growth and Decline
during the 'Commercial Revolution' and 'Great Depression' eras :
The Lindert Population Real Wage graph
A. Population: Demographic Changes Before and After the Black
Death, 1290-1500
1. Some European Population Statistics, 1000 - 1500
2. Economics of Demography: Ricardo and Malthus
3. Medieval Death and Birth Rates: in the Black Death era
4. The European Marriage Pattern and changes in fertility
5. Population Changes and Aggregate Demand
6. Major Demographic Changes in Western Europe: 1000 - 1500
B. Money and Monetary Changes in Western Europe, c.1290 -
1520
EH.Net Review of Fischer's The Great Wave:
Price Revolutions and the Rhythm of History (1996).
C. The Course of Prices and General Economic Trends, 1290 -
1520
D. Slump and Recovery in the 14th & 15th Centuries: the Late-Medieval 'Great Depression' Debate
III. BARRIERS TO ECONOMIC GROWTH IN THE
MEDIEVAL ECONOMY:
A. West European Feudalism: As a Military, Political, and
Economic Institution
B. West European Manorialism and Peasant Serfdom:
C. Agricultural Field Systems North and South:
1. Mediterranean 'Dry Farming': the Two-Field System
2. The Northern Three-Field and 'Open' or 'Common'
Field Systems
D. Feudalism, Manorialism, Open Fields, and Serfdom as Barriers
to Economic Development
pdf format
Landlords & Peasants, c.1310:
tables and maps (England)
A. Late-Medieval Peasant Serfdom: Its Decline in the West and
Rise in the East
B. Mediterranean Agriculture: the Agrarian Responses to the
Late-Medieval Crises in Italy, Southern France and Spain C. Northern Agriculture: Agrarian Changes in the Late-Medieval
Low Countries and Northern France (Artois and Picardy): lecture not given orally: for
reading only.
D. England: Changes in Arable and Livestock Farming, 1300 - 1460; Wool Production and the Early Enclosures as
Responses to Agrarian Crises and the Growth of the Cloth Trade. Statistical Tables I: Textiles: Production (in pdf)
Statistical Tables II: Italian textiles (to 1730)
Statistical Tables III: Medieval Cloth Prices
A. The Wool Textile Industries: Woollens and Worsteds A. The Medieval Church, Loans, and the Usury Question
B. Credit in the Late-Medieval Economy: the Loan Contracts
C. Investment Contracts in the Medieval Economy: Non-Loan
Contracts
D. The Usury Doctrine and Medieval-Early-Modern Public Finance
E. The Italian Contributions to Late-Medieval Banking
Institutions: Deposit Banking and Bills of Exchange
A. The Role of Commerce and International Trade in European
Economic Development
B. Warfare, Transaction Costs, and the International 'Depression',
1280 - c. 1400: Decline of the Champagne Fairs
C. Italy and the Mediterranean World: in Late-Medieval
International Commerce
D. Northern Commerce: The Baltic, the German Hanseatic
League, and the Rise of the Dutch, c.1290 to 1400 E. Northern Commerce: England, the Baltic, the South Germans,
and the Rise of the Antwerp Market, 1340 - 1520 F. Portugal and the Beginnings of Overseas Explorations and
Colonization: Africa and Asia (1415 - 1560)
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II. |
SECOND SEMESTER: January to April 2014
|
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14 | 8 January 2014 : week 1 (13) | VIII. MACRO- AND STRUCTURAL CHANGES IN
THE EUROPEAN ECONOMY, 1520 - 1750 A. Population: Demographic Movements, c. 1500 - c.1750 | ||||||||||||||||||||||||||||||||||||||||||
15 | 15 January 2014: week 2 (14) | VIII. MACRO- AND STRUCTURAL CHANGES IN THE
EUROPEAN ECONOMY, 1520 - 1750
B. Money and Monetary Movements in Early-Modern Europe: c. 1500 - c. 1750 | ||||||||||||||||||||||||||||||||||||||||||
16 | 22 January 2014: week 3 (15)
wage graphs
EH.Net Review of Fischer's The Great Wave:
Price Revolutions and the Rhythm of History (1996).
EH.Net Classic Review of Hamilton's
American Treasure and the Price Revolution in Spain (1934).
|
VIII. MACRO- AND STRUCTURAL CHANGES IN THE
EUROPEAN ECONOMY, 1520 - 1750
C. Price Movements in Early-Modern Europe: during the eras of the 'Price Revolution' (1520-1640) and 'General Crisis' (1640 - 1740) | ||||||||||||||||||||||||||||||||||||||||||
17 | 29 January 2014: week 4 (16) | IX. AGRARIAN CHANGES IN EARLY-MODERN
EUROPE:
A. The Low Countries: Agricultural Precocity and Growth in Flanders and Holland: online lecture notes only >B. England: The Enclosure Movement in the Tudor - Stuart era, c. 1520 - 1640 | ||||||||||||||||||||||||||||||||||||||||||
18 | 29 January and 5 February 2012: weeks 4 (16) & 5 (17) | IX. AGRARIAN CHANGES IN EARLY-MODERN
EUROPE:
C. English Agriculture: Changes in Agrarian Technology and Land-holding, c.1520 - c.1740: Convertible Husbandy (the New Husbandry) and the Origins of the Agricultural Revolution. | ||||||||||||||||||||||||||||||||||||||||||
19 | 5 February 2014: week 5 (17) | IX. AGRARIAN CHANGES IN EARLY-MODERN
EUROPE:
D. France: Agriculture in Early-Modern France: 15th to 18th Centuries | ||||||||||||||||||||||||||||||||||||||||||
20 | 12 February 2014: week 6 (18) | X. COMMERCE: CHANGING PATTERNS OF
REGIONAL AND INTERNATIONAL TRADE IN
EARLY-MODERN EUROPE, c. 1520 - 1750
A. The Dutch Commercial Empire: Apogee, and Hegemony, and Decline, 1520 - 1760 B. Dutch Shipbuilding and Commercial Supremacy: the Industrial Link | ||||||||||||||||||||||||||||||||||||||||||
19 February 20142 | Reading Week:
no lectures this week (18 - 21 February 2014)
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21 | 26 February 2014: week 7 (19)
& 5 March 2014: week 8 (20) |
X. COMMERCE: CHANGING PATTERNS OF
REGIONAL AND INTERNATIONAL TRADE IN EARLY-MODERN EUROPE, c. 1520 - 1750
C. Foreign Trade: the English Overseas Commercial Empires, c. 1520 - c. 1750 | ||||||||||||||||||||||||||||||||||||||||||
22 | 5 March 2014: week 8 (20) | X. COMMERCE: CHANGING PATTERNS OF
REGIONAL AND INTERNATIONAL TRADE IN EARLY-MODERN EUROPE, c. 1520 - 1750
D. Mercantilism, Money, and the State in Foreign Trade, 16th to 18th Centuries | ||||||||||||||||||||||||||||||||||||||||||
23 | 12 March 2014: week 9 (21) | XI. BANKING, FINANCE, AND BUSINESS
ORGANIZATION, 1520 - 1750
A. The 16th-century Financial Revolution: Innovations in England and the Low Countries: in Private and Public Finance | ||||||||||||||||||||||||||||||||||||||||||
24 | 12 March 2014: week 9 (21) | XI. BANKING, FINANCE, AND BUSINESS
ORGANIZATION, 1520 - 1750
B. Dutch Banking and Finance in the 17th and 18th Centuries. | ||||||||||||||||||||||||||||||||||||||||||
25 | 19 March 2014: week 10 (22) | XI. BANKING, FINANCE, AND BUSINESS
ORGANIZATION, 1520 - 1750
C. England: Business Organization and Joint Stock Companies, 1550 - 1720 | ||||||||||||||||||||||||||||||||||||||||||
26 | 19 March 2014: week 10 (22) | XI. BANKING, FINANCE, AND BUSINESS
ORGANIZATION, 1520 - 1750
D. England: Banking and Financial Institutions, 1500 - 1797 | ||||||||||||||||||||||||||||||||||||||||||
27 | 26 March 2014: week 11 (23) | XII. MANUFACTURING INDUSTRIES: INDUSTRIAL
CHANGE IN EARLY-MODERN EUROPE, 1520 - 1750
A. Early-Modern England: Industrial Changes in Textiles: the Old and New Draperies, with the Origins of the Cotton (Fustian) Industry: 1520 - 1750 | ||||||||||||||||||||||||||||||||||||||||||
28 | 2 April 2014: week 12 (24) | XII. MANUFACTURING INDUSTRIES: INDUSTRIAL
CHANGE IN EARLY-MODERN EUROPE, 1520 -1750
B. Industrial Change in Early-Modern England: Coal and the New Coal-Burning Industries (the Nef Thesis) C. The Birth of the Modern English Iron Industry: Industrial Capitalism, Growth, and Stagnation, c. 1500 - c.1740 D. British and Continental European Industries on the Eve of
the Modern 'Industrial Revolution'
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