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:
This module is an elective for all Single and Joint Honours degree programmes in Economics.
This module is not available to students across other degree programmes in the University.
Method of assessment
Problem Sets, (10%)
Essay, (2000 words) (10%)
Examination, 2 hours (80%)
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:
* understand and abstract the essential features of an economic issue, problem and system.
* synthesise and critically compare theoretical and empirical analyses of economic growth.
* manipulate theoretical models to analyse economic growth.
* critically analyse and interpret economic data in the context of economic theory and policy.
* demonstrate the analytical skills required to scrutinise economic growth and policy issues.