ELE 3793 Capitalism – Past, Present and Future

ELE 3793 Capitalism – Past, Present and Future

Course code: 
ELE 3793
Department: 
Law and Governance
Credits: 
7.5
Course coordinator: 
Sverre August Christensen
Morten William Knudsen
Course name in Norwegian: 
Kapitalisme – fortid, nåtid og fremtid
Product category: 
Bachelor
Portfolio: 
Bachelor - Electives
Semester: 
2025 Autumn
Active status: 
Active
Level of study: 
Bachelor
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

Capitalism has become a central concept when discussing economic systems and the relationship between business and society, trade and politics, and political economy. Students at BI who aspire to understand the world, participate in conversations and processes related to society and the world, responsibility, and ethics, need this course. This type of understanding is particularly important when the world is changing.

The course provides an in-depth introduction to capitalism, its various definitions and dimensions. It aims to be educational by offering insights into the economic history of ideas in the Western world. It will illustrate how politics, technology, and the market have shaped capitalism. The main focus of the course is on how capitalism manifests in different arenas of business and social life, emphasizing variations in time and place. Through historical, ethical, and theoretical perspectives, various aspects of capitalism will be presented in a broader societal context. The course particularly emphasizes how digital technology shapes capitalism in contemporary times, with perspectives on the future, as well as how geopolitical changes influence capitalism.

Learning outcomes - Knowledge

Student shall:

  • Understand the key definitions and characteristics associated with capitalism.
  • Be aware of the central reasons for the emergence of capitalism in Europe.
  • Recognize ethical issues related to capitalism's profit motive.
  • Understand the challenges that arise at the intersection of capitalism and social responsibility.
  • Be familiar with the major variations of capitalism, in time and place.
  • Understand key aspects related to Norwegian capitalism and business, including political economy.
  • Learn how technology and capitalism influence each other, with a particular focus on digital technology.
  • Gain a deeper understanding of the changes and challenges of our time.
Learning outcomes - Skills

Students shall:

  • Reflect generally on the role of capitalism in the economy and society.
  • Understand and reflect on the ethical and moral dimensions associated with capitalism.
  • Be able to explain capitalism's variations in time and space.
  • Be operational and functional on issues related to key features of Norwegian business and capitalism.
  • Write reflections on complex relationships.
  • Engage actively with changes and challenges in our own time.
General Competence

The historical perspective of the course will enable students to understand the development of capitalism and see it in relation to current challenges related to value creation, technology, geopolitical changes, ethics, and democracy.

Course content
  1. Introduction: Perspectives on Capitalism
  2. The roots of Capitalism
  3. Creative destruction - regimes of capitalism
  4. Self-interest as the engine of capitalism?
  5. Responsibility and capitalism
  6. Leadership and organization in capitalism
  7. Ownership – The Capitalists
  8. Markets and Marketing in capitalism
  9. Variations of capitalism
  10. Norwegian capitalism
  11. Globalization and capitalism
  12. Geopolitics, deglobalization, and capitalism
  13. Big Tech capitalism
  14. AI-capitalism
  15. Summary
Teaching and learning activities

The course will be conducted through various forms of instruction. There will be teaching and lectures related to the 14 main elements of the course. In addition, the lecturers will utilize video and possibly television broadcasts.

BI Online Study
For the online version of the course, the lecturer will work in collaboration with the study administration to organize appropriate combination of digital teaching and lectures. Online students will also be provided with a study guide to aid in progression and overview. The total recommended time commitment for the completion of the course also applies here.

Software tools
No specified computer-based tools are required.
Qualifications

Higher Education Entrance Qualification

Disclaimer

Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.

Required prerequisite knowledge

No specific prerequisites required.

Assessments
Assessments
Exam category: 
Submission
Form of assessment: 
Submission PDF
Exam/hand-in semester: 
First Semester
Weight: 
100
Duration: 
8 Hour(s)
Comment: 
Home exam
Exam code: 
ELE 37931
Grading scale: 
ECTS
Resit: 
Examination when next scheduled course
Type of Assessment: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching
40 Hour(s)
Student's own work with learning resources
152 Hour(s)
Examination
8 Hour(s)
Sum workload: 
200

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.

Reading list