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Бакалавриат 2021/2022

Экономический рост и развитие

Статус: Курс по выбору (Экономика)
Направление: 38.03.01. Экономика
Когда читается: 4-й курс, 3 модуль
Формат изучения: без онлайн-курса
Охват аудитории: для своего кампуса
Язык: английский
Кредиты: 3

Course Syllabus

Abstract

The course outlines major economic policies associated with fostering economic growth and incentivizing various structural changes of the economy. The course uniquely focuses both on the issues of the catch-up growth by middle/low income countries and on the current economic concerns of the high-income countries. The latter include the development of the technology economy, the decrease of inequality across individuals and companies, stimuli for R&D investment and protection of intellectual property rights, promotion of energy efficiency and the use of environmentally friendly technologies. The course focuses on the macro and micro-level analysis of economic growth and draws upon the experience of the US, EU, Japan and the BRICS countries. Prerequisites: Introductory macroeconomics (grade 7 and above desirable), Introductory econometrics (grade 7 and above desirable). The course may be viewed as a good companion to electives: Time series, Dynamic panel data, Economics of innovation, Institutional economics.
Learning Objectives

Learning Objectives

  • The purpose of the course is to focus on the key issues related to fostering economic growth. The students will learn the recent approaches to modeling economic growth and technological change, the methods of applied economic analysis of the policy changes in various countries, the examples of policy interventions and the determinants of their success, the causes and consequences of poverty and inequality, the adverse effects of growth on consumer welfare owing to environmental pollution. A special attention will be given to the development of the research and analytical skills: a critical review of the existing literature, the understanding of theoretical and empirical techniques, work with empirical data in order to analyze econometric specifications coming from the theoretical models. Prerequisites: Introductory macroeconomics (grade 7 and above desirable), Introductory econometrics (grade 7 and above desirable). The course may be viewed as a good companion to electives: Time series, Dynamic panel data, Economics of innovation, Institutional economics.
Course Contents

Course Contents

  • Wealth of nations and quality ladder
    Major sources of economic growth, productivity and technological change in various countries.
  • Heteregeneity in economic growth
    Does initial level of per capita GDP matter? Economic justification for focusing on the developed and developing economies in the analysis.
  • Management and total factor productivity
    Comparative analysis of managerial practices and growth in the US, EU and company growth across the world
  • Why attend schools and universities
    Comparative assessment of the investment in human capital as measured by returns to education in the US, EU, Russia.
  • Estimating time profiles of technological change and returns to education using the macro and micro data
  • Revising the hypothesis about exogenous growth and convergence of countries to similar economic standards
    A note on endogenous growth through innovation.
  • Washington consensus, growth and inflation
  • Empirical evaluation of the country’s growth and its time profile
  • Simon Kuznets and two curves
    1) income inequality and economic growth, 2) pollution and economic growth. Revisiting inequality and growth
  • Russian economy
    Contrasting approaches for measuring labor productivity and technological change
  • Russian economy, oil and natural resources
    Finding the symptoms of the Dutch disease
  • Flying-geeze approach
    Trade, foreign investment and catch-up growth through improvement in technologies. Evidence from Japan and the BRICS countries
  • Silicon valleys in the US and across the world
Assessment Elements

Assessment Elements

  • non-blocking Final essay and its presentation
    Late work ( final essay) is discounted at 50%.
  • non-blocking Mid-term test
    Midterm is an open book 40 minute test
  • non-blocking Class/sections participation
  • non-blocking Final test
    an open book 1 hour 20 minute test
Interim Assessment

Interim Assessment

  • Interim assessment (3 module)
    0.2 * Class/sections participation + 0.4 * Final essay and its presentation + 0.3 * Final test + 0.1 * Mid-term test
Bibliography

Bibliography

Recommended Core Bibliography

  • Empirical development economics, Soderbom, M., 2015

Recommended Additional Bibliography

  • Development economics, Ray, D., 1998