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Regular version of the site
Bachelor 2019/2020

Economic Growth Models

Type: Elective course (Economics)
Area of studies: Economics
When: 4 year, 2 module
Mode of studies: offline
Language: English
ECTS credits: 3

Course Syllabus

Abstract

This course develops the understanding of the main concepts and techniques that are in use in the research of economic growth theory. For example, Taxonomy of Economic Models, Real Business Cycles Model, Over Lapping Generations Model. Students will learn and understand some of the reasons for the differences across countries in their levels of GDP per capita and standards of living. Know the basic facts regarding the reasons and consequences for the differences in the rate of growth across the globe. Students will know the basic models of endogenous economic growth, in particular, economic growth built on endogenous human capital investment and accumulation.
Learning Objectives

Learning Objectives

  • Understanding of the main concepts and techniques that are in use in the research of economic growth theory
  • Learn and understand some of the reasons for the differences across countries in their levels of GDP per capita and standards of living.
Expected Learning Outcomes

Expected Learning Outcomes

  • Know the basic facts regarding the reasons and consequences for the differences in the rate of growth across the globe.
  • Know the basic models of endogenous economic growth, in particular, economic growth built on endogenous human capital investment and accumulation.
Course Contents

Course Contents

  • Empirical Facts
  • Taxonomy of Economic Models
  • Real Business Cycles Model
  • Over Lapping Generations Model (OLG)
  • Mass Migration, Norms and Growth
  • New Growth Theory
  • Income Distribution and Human Capital Investment
  • Gender Gap, Fertility and Growth
  • The Role of Inequality in the Process of Development
  • Quantity-Quality Trade-off in Investment in Children
  • The Great Divergence in Population and Output
Assessment Elements

Assessment Elements

  • non-blocking In-class Participation
  • non-blocking Exam
Interim Assessment

Interim Assessment

  • Interim assessment (2 module)
    0.7 * Exam + 0.3 * In-class Participation
Bibliography

Bibliography

Recommended Core Bibliography

  • Peter Dorman. (2014). Macroeconomics. Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.spr.sptbec.978.3.642.37441.8

Recommended Additional Bibliography

  • Sibabrata Das, Alex Mourmouras, & Peter C. Rangazas. (2015). Economic Growth and Development. Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.spr.sptbec.978.3.319.14265.4