Growth, Trade and Structural Change ECONM3002
- Level: MSc
- Credit point value: 15
- Unit Director: Jonathan Temple
- Lecturers: Jonathan Temple
Programmes
Compulsory Unit in: None.
Optional Unit in: Economics, Accounting and Finance, Economics, Finance and Management
Unit Aims
To understand growth, trade and structural change in the contemporary developing world.
General Description of the Unit
This course aims to provide an overview of economic growth in less developed countries, with a particular focus on trade policy, and the origins and consequences of structural change.
Teaching Methods
Five two-hour lectures, plus classes.
Learning Objectives
Students should gain some understanding of the main determinants of economic growth in less developed countries. This will include an understanding of some theoretical work on growth, but also the strengths and weaknesses of the available evidence. The course will aim to improve the ability of students to analyze and discuss complex issues, to interpret empirical work, and to think critically about evidence and policy recommendations.
Assessment Methods
A three-hour closed book examination in May-June.
Transferable Skills
- Written communication
- Interpretation of empirical findings
- Research skills
- Discussion and analytical skills
Syllabus
- Introductory Overview
- The Solow Model and Convergence
- Trade Policy
- Dualism and Structural Change
- Growth Accounting and East Asian Growth
Texts
- Temple, J. R. W. (1999), 'The new growth evidence', Journal of Economic Literature, March, 37(1), 112-156.
- Helpman, Elhanan (2004). The Mystery of Economic Growth, Belknap, Harvard University Press, Cambridge MA. [HD 82 HEL]
- Jones, Charles I. (2002). An Introduction to Economic Growth (2nd edition) Norton. [HD 82 JON]
- Aghion, P. and Howitt, P. (2009). The economics of growth. MIT Press, Cambridge MA. [HD82 AGH]