[Forside] [Hovedområder] [Perioder] [Udannelser] [Alle kurser på en side]
The objectives are that the students after having participated in the course should be able to:
The theory of growth deals with the long lines in the development. It appears to
be approximately log-linear. This is explained by the Solow Model. The role of
technical progress and institutions are discussed.
Trade plays a decisive role in development, especially for small countries
The trade part concentrates on the 2 x 2 x 2 model (for two countries, two sectors and two factors of production): It looks at classical trade theory, and the distribution of the gains from trade between the factors. The Heckscher-Ohlin model for trade between poor and rich countries is discussed. Higher order models are introduced.
COURSE SUBJECT AREAS:
1. Growth patterns: Long run and cross country
2. Solow model and the key endogenous growth models
3. Technological growth
5. Patterns of world trade
4. Classical trade theory: Gains from trade
5. Stolper-Samuelson and Rybczynski theorems
6. Heckscher-Ohlin model
Charles I. Jones.
An introduction to Economic Growth
(2nd ed)
Norton 2002. It is 200 pp, app 150 pages will be chosen.
Charles van Marrewijk.
International Trade and the World Economy
Oxford 2002, or later reprints. It is 380 p, app 150 pages will be chosen.
Lecture notes and exercises are parts of curriculum.
Total number of pages: Approx. 300 pages
A 4-hour written test jointly with the course
Microeconomic Theory
, giving a joint mark.
Students who do not take
Microeconomic Theory
will have only a 2-hour written test in
Growth and Trade Theory
.
EXAMINATION AIDS ALLOWED: None