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The course introduces students to (i) unbalanced growth and directed technical change in the context of growth slowdowns, the labor market, resource scarcity, and environmental policy in developed countries; (ii) natural resource economics in the context of economic growth, conflict, and conservation policies in developing countries.
All non-CentER students should ask formal permission from the Director of Graduate Studies in Economics BEFORE the start of the course.
Please send your request for permission including grade list, CV and motivation letter to CentER Graduate School at center-gs@uvt.nl. Note that asking permission is not just a formality.
Required Prerequisites
A solid background in macro-economics and econometrics as taught in the CentER Research Master Economics year 1 program
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In this course, we study advanced theoretical and empirical paper on economic growth and development, with a specific focus on resources and environment.
After finishing part 1 of this course, you will be able to apply the theories of Schumpeterian growth and Directed technical change to analyse (i) economic problems in the labor market, (ii) environmental policy, (iii) economic history. You will be able to (a) explain stylized facts and specific cases of long-run economic growth and (b) interpret the findings in the empirical literature on patents, technical change, and economic growth.
After finishing part 2 of this course, you will be able to (i) distinguish the mechanisms via which natural resource abundance affects welfare and growth in developing countries; (ii) distinguish the mechanisms via which growth affects the abundance of natural resources; (iii) apply mathematical techniques (especially optimal control) to derive hypotheses about the relationships between resource abundance and growth; and (iv) apply empirical techniques (instrumental variable approaches and field-experimental methods) to uncover the empirical validity of various potential mechanisms.
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