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Instructors: Andrea Lassmann
Event type:
Lecture
Displayed in timetable as:
Dev and Growth
Hours per week:
2
Language of instruction:
Englisch
Min. | Max. participants:
- | -
Requirements / organisational issues:
Students should be familiar with basic concepts in macroeconomics and international trade as well as econometrics. This is a compulsory MIEPP course open to other Master programs.
Contents:
Content and objectives:
This course broadly aims at understanding why vast differences in incomes across regions and nations persist.
In the lecture, we will shed light on basic and advanced concepts of economic development. The focus of this course is on drivers of growth, including international trade, institutions and culture. Students will also learn to identify causal links between economic growth and these drivers by studying relevant empirical strategies. To complete the picture, we will look at the link between economic growth and income distribution within and across countries. Standard growth models are covered by the course Advanced Macroeconomics, but we will use the Solow model in some contexts.
The tutorial serves to apply our skills. You will use basic maths and graphical analysis to solve problem sets based on the theories and empirical analyses discussed in the lecture. We offer detailed explanations of the solutions in the tutorial, but encourage you to have a look at the problem sets before each tutorial. We also upload short solutions on Moodle (LMS).
We will provide a video primer for this course, which explains basic concepts such as production functions and productivity. This content is a prerequisite for this course, and the video allows you to study at your own pace depending on your current level of knowledge.
Grading:
Exam (60 minutes) covering the lecture content and similar to the problem sets covered in the tutorials. A mock exam will be provided. Successful students will receive 12 ECTS (6 for each course). Active participation in the class is highly acknowledged.
Recommended reading list:
Development Economics, by Debraj Ray, Princeton University Press
Economic Growth, by David N. Weil (Third edition, 2016)
Additional information:
All materials are on LMS (Moodle). You can attend the lectures and tutorials in class and via MS Teams. We are not fully equipped to provide high-quality hybrid lectures, so please do understand that there is a loss in quality for those who attend online.
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