Department assigned to the subject: Economics Department
Type: Electives
ECTS Credits: 6.0 ECTS
Course:
Semester:
Requirements (Subjects that are assumed to be known)
Macro I and II
Objectives
The objective of this course is that students learn the main theories of economic growth and the most important stylized facts of Western economies
At the end of the course the student will be able to.
1 Identify the main stylized facts of groth.
2 To understand the importance of capital (physical as well as human) accumulation in groth. l.
3 To understand the effects of economic policies; transitory or permanent?
4 To understand the effects of institutions on growth.
5 To understand the effects of globalization on growth.
With respect of the skills adquired we will clasify them in two: generic or specific.
Generic skills acquired:
1 Ability to solve complex problems
2 Improving student capability to formulate an economic problem in theoretic terms.
3 Improving student skills in solving practical problems
4 Improving student ability to work in teams and share tasks among team members to solve complex problems.
Specific skills
1 To read critically scientific papers on the subject
2 To implement qualitatively and conduct computer simulations of the theories discussed in class.
Attitude forming: After taking this class students should have
1 A critical view of the theories and their empirical implcations studied in class.
2 A positive view of team work and task sharing.
1. Stylized facts of growth.
2. Growth accounting.
3. Growth and capital accumulation.
4. Productivity and growth.
5. The role of human capital, education.
6. Limits to growth: Natural resources.
7. Innovation and growth.
8. Public expenditures in infrastructures and growth.
9. Globalization and growth.
9. Inequality and economic growth.
Learning activities and methodology
Our methodology is
(1) Lectures where the theory material is presented and discussed.
(2) Analytical exercises to evaluate the student apprehension of the concepts studied.
(3) Quantitative exercises with computer software to evaluate the theories studied.
(4) A project: understanding a country growth patterns using the theories studied.
(5) Paricipation in the online forum to solve questions posed by the professor and discuss issues of the project.
Assessment System
% end-of-term-examination 60
% of continuous assessment (assigments, laboratory, practicals...) 40
Basic Bibliography
Charles I. Jones. Introduction to Economic Growth. Prentice Hall. 2013
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The course syllabus may change due academic events or other reasons.
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