EC500 Microeconomics, EC502 Macroeconomics
OverviewThis module covers a variety of growth issues from both empirical and theoretical views. The first part of the course deals with basic concepts of economic growth, including how to measure growth and the core theories of economic growth. The second part deals with productivity; how to measure productivity and analyse different sources of productivity growth. The third part deals with economic fundamentals, including the relationship between government policies, income inequality, and growth.
The aim of the module is to teach the basic principles of economic growth in order to answer such questions as:
- what are the determinants of growth?
- how can we improve productivity?
- what kind of role does the government play on growth?
- why are there differences in the level of income among countries?
This module appears in:
Method of assessment
20% Course (2 x 10% Essays)
D Weil, Economic Growth (3rd ed), Pearson, 2013
C Jones and D Vollrath, Introduction to Economic Growth, W W Norton & Co, 2013
After completing this module you will be able to:
manipulate a number of theoretical models to analyse economic growth
understand and critically evaluate economic growth articles in academic journals
present and debate growth issues in seminars
form your own independent opinion on ongoing growth issues.