After completing this course students will be familiar with the wide array of tools used by economists to understand the process of economic growth. In particular, students will be able to analyse empirical patterns of economic growth, identify its underlying causes, and assess the implications of economic policies. Students will build a small analytical model and adapt it to the newest insights from the growth literature, as well as write a policy paper discussing the growth effects of a specific policy proposal.
This course will comprise a combination of regular lectures, student presentations and class discussions. The specifics of student presentations will depend, among other things, on the size of the group.
The final grade for the course is a weighted average of assignments, presentations, and the written final exam.
As a prerequisite for the part on growth, students should know the Solow model. A good book on growth to prepare for this course is D. Weil "Economic Growth" 2nd edition (2009) or C. Jones "Introduction to Economic Growth" 2nd edition (2002). For the part on development, students are expected to have completed a full course in development economics at the Bachelor level, using books such as Todaro, Gillis or Meier and Rauch.
The course will consist of lectures, with a detailed schedule to be published later. Students are supposed to prepare for class with compulsory readings and participate actively in class discussions.
Part I has a methodological focus, during which students will get acquainted with theories and evidence of economic growth and income convergence across countries. Part II will cover the role of institutions, political economy, innovation, education, and trade policy.
Type of instructions
2 x 2 hours interactive lecture
Type of exams
written exam, assignments, presentation
- Aghion, P. and P. Howitt (2009), The Economics of Growth, Cambridge MA : MIT Press.
- Lecture notes and selection of articles and chapters from books to be announced in class