Department of Economics, Unit Catalogue 2009/10 |
ES50053: Growth theory (formerly EC50121) |
 Credits:
| 6 |
| Level:
| Masters |
| Period: | Semester 2 |
| Assessment:
| EX 100% |
| Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| |
| Description: | Aims: To provide an account of the modern economic analysis of economic growth; though the unit draws appropriately on techniques of dynamic optimisation, the emphasis is on economic intuition and empirical 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) Ability to select, summarise and synthesis written information from multiple sources (T/F/A) Ability to select and use appropriate ideas to produce a coherent response to a pre-set question (T/F/A) Ability to modify existing knowledge and develop original answers to novel questions (T/F/A) Content: The basic neo-classical model. Overlapping generations. Optimal growth. Endogenous growth. Human Capital. Imperfect credit markets. Inequality, redistribution & growth. R&D and growth. Institutions, culture and growth. |