AU kursuskatalog arkiv

4231: Growth Theory and Empirics ( efterår 2011 - 10 ECTS )

Rammer for udbud

• Uddannelsessprog: engelsk
• Niveau:   COURSE LEVEL: Optional course for the BSc and MSc levels  
• Semester/kvarter:   SEMESTER FOR WHICH THE COURSE DESCRIPTION APPLIES: Fall 2009  
• Timer per uge: 4 per week, Timetables can be found at: http://econ.au.dk/studies/teaching-and-examination/teaching/timetables/
• Deltagerbegrænsning:
• Undervisningssted: Århus
• Hovedområde: Det Samfundsvidenskabelige Fakultet
• Udbud ID: 29877

Formål

LEARNING OBJECTIVES:

The objectives are that the students after having participated in the course should be able to:

• describe the basic stylize facts found in the empirical growth literature.
• relate these facts to the empirical tools and theories used to reach the facts.
• analyse, discuss and reflect on the main theories and empirical tools in the empirical growth literature.
• apply these tools and theories to both cross country/panel data.
• apply the method of growth accounting.
• analyse and reflect on the role of institutions in development. 
• analyse and reflect on the papers chosen for the curriculum at the level.

Indhold

COURSE DESCRIPTION: The course has two main goals: (1) Cover the main empirical discussions of economic growth. (2) To give a deeper discussion of selected areas in the field based on new papers.

COURSE SUBJECT AREAS:

First the literature of the 1970s on cross country patterns of development will be discussed. Then the literature since 1990 will be covered. The course will concentrate on the Barro-type cross-country regressions, and the many attempts to use the framework for the analysis of the effects of policy/political variables on economic growth.

The course will have two parts. First the lectures will be based on the second half of the Barro and Sala-i-Martín textbook.

The second half will be based on selected chapters from the Handbook of Economic Growth.

Faglige forudsætninger

Underviser

LECTURER: Martin Paldam

Undervisnings- og arbejdsform

TEACHING METHOD:

Lectures. The students are encouraged to write seminars in the fields

TEACHING LANGUAGE: English

Litteratur

LITERATURE:

R. E. Barro and X. Sala-i-Martin: Economic Growth 2nd ed. MIT press 2004 chapters 10 to 12. 134 p

Philippe Aghion and Steven Durlauf, eds. Handbook of Economic Growth. North           Holland 2005/06

1 Daron Acemoglu, Simon Johnson, James Robinson Institutions as the Fundamental Cause of Long-Run Growth. 87 pages

2 Costas Azariadis and John Stachurski: Poverty Traps? 89 pages

3 Alberto Alesina, Enrico Spolaore and Romain Wacziarg

Trade, Growth and the Size of Countries. 57 pages

4 Steven N. Durlauf and Marcel Fachamps: Social Capital. 62 pages

5 Francesco Caselli. The Missing Input: Accounting for Cross-Country Income Differences. 62 pages

6 Dani Rodrick: Growth Strategies, 44 pages

Total 535 pp, some of the curriculum is fairly concentrated.

Studieordning og bedømmelse

Grundfaget i erhvervsøkonomi

• Mundtlig, bedømt efter 7-skala med intern censur

FORM OF ASSESSMENT: Oral exam for 20 minutes with 20 minutes' preparation

EXAMINATION AIDS ALLOWED: All - except for any means of electronic communications equipment including calculators, mobile phones and PC's.