• A
  • A
  • A
  • АБВ
  • АБВ
  • АБВ
  • А
  • А
  • А
  • А
  • А
Обычная версия сайта

Economic Growth

2022/2023
Учебный год
ENG
Обучение ведется на английском языке
3
Кредиты
Статус:
Курс по выбору
Когда читается:
1-й курс, 4 модуль

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

  • 1. To know the basic facts regarding the reasons and consequences for the differences in the rate of growth across the globe. 2. To know the basic models of endogenous economic growth, in particular, economic growth built on endogenous human capital investment and accumulation.
Expected Learning Outcomes

Expected Learning Outcomes

  • Be able to analyze, evaluate and estimate policy implications.
  • Be able to modify basic growth models.
  • Know basic neoclassical and endogenous growth models, growth “stylized facts” and puzzles, four growth paradigms.
  • Know the most recent contributions and debates on growth.
  • Understand the principles of growth model building
Course Contents

Course Contents

  • 1. Empirical Facts
  • 2. Taxonomy of Economic Models
  • 4. Over Lapping Generations Model (OLG)
  • 8. Income Distribution and Human Capital Investment
  • 9. Gender Gap, Fertility and Growth
  • 3. Real Business Cycles Model
  • 5. Trade, Learning-by-Doing and Growth
  • 6. Mass Migration, Norms and Growth
  • 10. The Role of Inequality in the Process of Development
  • 11. Quantity-Quality Trade-off in Investment in Children
  • 12. The Great Divergence in Population and Output
  • 13. Unified Growth Theory
Assessment Elements

Assessment Elements

  • non-blocking activity in class
  • non-blocking closed-book test
  • non-blocking Final exam
    Final exam will take 2 hours and contribute 70% to the final grade.
Interim Assessment

Interim Assessment

  • 2022/2023 4th module
    0.25 * closed-book test + 0.25 * activity in class + 0.5 * Final exam
Bibliography

Bibliography

Recommended Core Bibliography

  • Weil, D. N. (2016). Economic Growth : International Edition (Vol. Third edition). Abingdon, Oxon: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1244212

Recommended Additional Bibliography

  • Blanchard, O., & Fischer, S. (1989). Lectures on Macroeconomics. Cambridge, Mass: The MIT Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=11345
  • Kim, T.-Y., & Heshmati, A. (2014). Economic Growth : The New Perspectives for Theory and Policy. Berlin, Heidelberg: Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=670544