| 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. The main objective of this course is to introduce you to theoretical and empirical examination of income differences between countries and their growth processes. The first part of the course will focus on the impact of factor accumulation (physical capital, population growth, and human capital) on income and growth rates among countries. The second part of the course, will demonstrate the importance of variation in productivity in explaining cross country differences in income and growth.
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; two of the problem sets will be marked.
Summative assessment: 100% by a three-hour closed-book exam.
The assessment examines the ILOs.
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]
