The subject of the course is the economic growth in the West (1500-2000). The process of industrialization is examined in the wider frame of the economic and institutional changes. More extensively the course covers: The most important economic changes in the dawn of the modern period (16th-17th century.). The Industrial Revolution (1780-1850). The Age of Capital and the worldwide spread of the capitalistic economy (1848-1875). The Great Recession (1873-1896) and the big changes in the structure of the economic organization (1870-1914). Review of the world economy in the 20th century with emphasis in the collapse of the world economy (1929-1933), the Golden Season (1950-1975) and the drastic political-economic changes in the end of the century.