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Unit information: Growth and Development in 2018/19

Please note: It is possible that the information shown for future academic years may change due to developments in the relevant academic field. Optional unit availability varies depending on both staffing and student choice.

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, Finance and Management
Faculty Faculty of Social Sciences and Law

Description

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.

Intended learning outcomes

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.

Teaching details

18 hours of lectures and revision lectures

8 hours of classes

Assessment Details

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.

Reading and References

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]

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