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Department of Economics, Unit Catalogue 2011/12


ES50053: Growth theory

Click here for further information Credits: 6
Click here for further information Level: Masters UG & PG (FHEQ level 7)
Click here for further information Period: Semester 2
Click here for further information Assessment: EX 100%
Click here for further information Supplementary Assessment: ES50053A - Resit Exam (where allowed by programme regulations)
Click here for further information Requisites: You must have a good first degree in Economics or equivalent, including competence in key tools (Mathematics, Microeconomics) in order to take this unit.
Click here for further information 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.
Click here for further informationProgramme availability:

ES50053 is Optional on the following programmes:

Department of Economics

ES50053 is available for Auditing on the following programmes:

Department of Economics
NB. Programmes and units are subject to change at any time, in accordance with normal University procedures.