Module description
What is the module about?
This course provides students with a theoretical and practical understanding of economic growth. The course uses exogenous, endogenous and recently advanced unified theory to analyse what that accounts (growth determinants) for the entire growth process since the dawn of civilization. We seek to understand what accounts for differences in cultures, institutions, behaviours of people and average income per capita. The course will focus on explaining empirical data looking back in history and in the contemporary era and build up theoretical frameworks to understand how the economy works and derive testable predictions and consider policy implications. We are going to use numerical methods, economic and graphical presentation of ideas and maths.
Who should do this module?
It is aimed at giving you a deeper understanding how to analyse the economic behaviour of households, firms, markets, and the economy as a whole governing the growth process. The course will also be useful if you are thinking of taking an MSc degree in Economics, PhD in Economics, to work in research Institutes or willing to get a comparative advantage on analysing the deep routed behaviour of economic agents with application in research in macroeconomics and business.
Assessment details
90% 3-hour unseen final exam
10% tutorial assessment
Teaching pattern
1 x 2-hour weekly lecture
1 x 1-hour fortnightly tutorial
Suggested reading list
- Economic Growth, David N. Weil, 3rd Edition, Pearson
- Unified Growth Theory, Oded Galor, Princeton University Press.