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ES50053: Growth theory

Follow this link for further information on academic years Academic Year: 2014/5
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period: Semester 2
Further information on unit assessment Assessment Summary: EX 100%
Further information on unit assessment Assessment Detail:
Further information on supplementary assessment Supplementary Assessment: ES50053A - Resit Exam (where allowed by programme regulations)
Further information on requisites 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.
Further information on descriptions 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.

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)

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.
Further information on programme availabilityProgramme availability:

ES50053 is available for Auditing on the following programmes:

Department of Economics

ES50053 is Optional on the following programmes:

Department of Economics
* This unit catalogue is applicable for the 2014/15 academic year only. Students continuing their studies into 2015/16 and beyond should not assume that this unit will be available in future years in the format displayed here for 2014/15.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.