| Learning objectives |
Upon the end of the course, the student will be
able to:
- Analyze the determinants of economic growth both from a micro
and a macro economic perspective.
- Describe and rationalize the main assumptions behind growth
models and relate them with the theories formulated in political
science, business and international relations.
- Analyze the impact of economic development and crises, or
changing institutional arrangements on economic events.
- Evaluate the impact of theory and economic development on
corporate and political decision making and strategy, and learn how
companies and governments (can) make use of the theoretical
concepts.
- Solve algebraically simple growth models in order to determine
the equilibrium of the variables.
- Describe and illustrate these models, perform policy
experiments and interpret verbally what happens when moving from
one equilibrium to another.
|
| Course prerequisites |
| The course requires a basic knowledge of
microeconomics and macroeconomics. |
| Examination |
|
Economic
Growth and Decline of Firms, Industries and
Nations:
|
| Exam
ECTS |
7,5 |
| Examination form |
Written sit-in exam on CBS'
computers |
| Individual or group exam |
Individual exam |
| Assignment type |
Written assignment |
| Duration |
4 hours |
| Grading scale |
7-point grading scale |
| Examiner(s) |
One internal examiner |
| Exam period |
Winter |
| Aids |
Limited aids, see the list below:
The student is allowed to bring - Non-programmable, financial calculators: HP10bll+ or Texas BA
II Plus
The student will have access to - basic IT application package
|
| Make-up exam/re-exam |
Same examination form as the ordinary exam
If the number of registered candidates for the make-up
examination/re-take examination warrants that it may most
appropriately be held as an oral examination, the programme office
will inform the students that the make-up examination/re-take
examination will be held as an oral examination
instead.
|
|
| Course content, structure and pedagogical
approach |
|
The aim of this course is to understand the drivers of economic
growth and decline at three different levels: firms, industries and
nations. In addition, the students should relate the economic
models to the theories and findings of other fields, such as
political science, business, and international relations. We will
try to answer questions of the type: “Why are some countries rich
and other poor?”, “What is the role of human capital in the firms‘
production process?” “Are culture, geography, climate, and natural
resources relevant for explaining firms‘ success in a global
competition?” “Is income inequality harmful?”
The structure of the course could be divided into three parts. The
first part of the course deals with the underlying factors of
economic growth, i.e. capital accumulation, human capital and their
complementarity and substitution in the production process. The
second part will study the role played by productivity, technology
and efficiency both at micro and at macro level. Finally, we are
going to analyse the fundamentals behind economic growth, i.e.
politics, culture, institutions, geography and climate change.
Outline of the course:
- Economic Growth and decline: an introduction and
stylized facts
- Machines and Computers: the role of capital in firms
- Labor and Human Capital
- Productivity, Efficiency and Technological Change
- Trade and Growth
- The role of the Government
- Income inequality and Social Conflicts
- Geography, Climate and Natural Resources
- Industrial Revolutions and Institutions.
|
| Description of the teaching methods |
| Lectures and Exercises. |
| Feedback during the teaching period |
Feedback is provided in numerous ways throughout
the course:
During office hours, we can discuss particular problems and give
advice on individual academic development questions
During classes, we will do have small exercises and discussions of
solutions suggested by students
|
| Student workload |
| Preparation |
142 hours |
| Lectures and Exercises |
36 hours |
| Exam / Home Assignments |
19 hours |
|
| Expected literature |
|
Weil, David N., Economic Growth, Pearson International Edition,
latest edition.
Additional optional readings will be posted on the website of the
course.
|
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