Department of Economics & International Development, Unit Catalogue 2008/09 |
EC30173 Growth theory |
| Credits: 6 |
| Level: Honours |
| Semester: 2 |
| Assessment: EX 100% |
| Requisites: |
| Before taking this unit you must take EC20011 and take EC20170 |
|
Aims: To provide an account of the modern economic analysis of economic growth; though the unit draws appropriately on standard mathematical and numerical techniques, much emphasis is on economic intuition and political relevance.
Learning Outcomes: Students should: * be able to understand and critically appraise the analytical models and empirical evidence relevant to understanding the causes of differences in long-term growth performance across countries and regions; * have sufficient skills to begin to formulate growth models competently. Skills: Ability to develop rigorous arguments through precise use of concepts and mathematical models (Taught/Assessed/Facilitated). Content: The basic neo-classical model. Overlapping generations. Optimal growth. Endogenous growth. Human capital. Imperfect Credit Markets. Inequality, Redistribution and Growth. R&D and Growth. Institutions, Culture and Growth. |