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ES50053: Growth theory

[Page last updated: 02 August 2022]

Academic Year: 2022/23
Owning Department/School: Department of Economics
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Masters UG & PG (FHEQ level 7)
Semester 2
Assessment Summary: EX 100%
Assessment Detail:
  • Exam (EX 100%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
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.

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.

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.

Programme 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 2022/23 academic year only. Students continuing their studies into 2023/24 and beyond should not assume that this unit will be available in future years in the format displayed here for 2022/23.
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