Economic Growth - ECON5690

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2021 to 2022
Canterbury
Spring Term 6 15 (7.5) checkmark-circle

Overview

This 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?

Details

Contact hours

Total contact hours: 18 hours
Private study hours: 132
Total study hours: 150

Availability

This module is optional 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%)

Reassessment Instrument: 100% exam

Indicative reading

D Weil, Economic Growth (3rd ed), Pearson, 2013
C Jones and D Vollrath, Introduction to Economic Growth, W W Norton & Co, 2013

The module will also draw on a range of high quality journal articles including those from American Economic Review, Journal of Political Economy and Quarterly Journal of Economics.

See the library reading list for this module (Canterbury)

Learning outcomes

On successfully completing the module students 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.

Notes

  1. Credit level 6. Higher level module usually taken in Stage 3 of an undergraduate degree.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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