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LEARNING OBJECTIVES:
The objectives are that the students after having participated in the course should be able to:
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.
LECTURER: Martin Paldam
LECTURER: Martin Paldam
TEACHING METHOD:
Lectures. The students are encouraged to write seminars in the fields
TEACHING LANGUAGE: English
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.
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.