| Unit name | Growth and Development |
|---|---|
| Unit code | ECON20023 |
| Credit points | 20 |
| Level of study | I/5 |
| Teaching block(s) |
Teaching Block 1 (weeks 1 - 12) |
| Unit director | Dr. Sepahsalari |
| Open unit status | Not open |
| Pre-requisites |
EFIM10007 Economic Principles 2 |
| Co-requisites |
None |
| School/department | School of Economics |
| Faculty | Faculty of Social Sciences and Law |
Why do some countries grow rich while others remain poor? This unit aims to provide an introduction to theoretical and empirical research on economic growth and aggregate development. Core topics include growth models; growth accounting; the causes and effects of population growth; trade policy; the links between growth and inequality; the role of government and institutions in development; foreign aid; and growth and the environment. An analytical approach is encouraged, based on the use of models and statistical evidence. The main textbooks listed below, especially that by David Weil, provide a good indication of the topics and approaches covered in the course.
By the end of this unit students will obtain the following learning objectives; • Knowledge of theory and evidence on growth and development • Skills involved in research, including library resources and the internet; • Applying abstract reasoning to practical problems; • Problem-solving using analytical and quantitative skills.
18 hours of lectures and revision lectures
8 hours of classes
Formative assessment: nine technical problem sets and one essay assignment; two of the problem sets, and the essay, will be marked.
Summative assessment: 100% by a three-hour closed-book exam.
The assessment examines the ILOs.
Helpman, Elhanan (2004), The Mystery of Economic Growth, Belknap, Harvard University Press, Cambridge MA. [HD 82 HEL]
Jones, Charles I.and Vollrath, Dietrich (2013). Introduction to Economic Growth, (3rd edition). Norton. [HD 82 JON]
Weil, David N. (2008), Economic Growth (second edition), Pearson - Addison Wesley. [HD 82 WEI]
