#### Economic growth theory

Enseignant responsable :

- GUILLAUME DAUDIN

Description du contenu de l'enseignement :

Students will learn a variety of formal ways of modelling growth to answer three questions : why are we so rich and they so poor? What is the engine of economic growth? How can countries go through growth miracles?

W1 : Intro to economic growth (and mathematical tools)

W2 : Solow model (1)

W3 : Solow model (2)

W4 : Empirical applications of the Solow model

W5 : Economics of ideas

W6 : Romer-Jones model

W7 : Schumpeterian growth

W8 : Growth and development (using the Romer-Jones model to understand differences in development)

W9 : Social infrastructures and long-run economic performance

W10 : Population and the origin of sustained economic growth

W11 : Alternative theories of economic growth

W12 : Natural resources and economic growth

Pré-requis obligatoires :

Basic knowledge of formal economics (undergraduate) and ability in mathematics (as would be expected from third year undergraduates in Economics).

Compétence à acquérir :

The aim of this course is to understand the key features of the growth and development process at the world level. To do so, we will introduce a number of theoretical models to develop an analytical framework of economic growth in historical perspective and across countries.

The course will be taught in a "flipped classroom" method based on the manual by Jones and Vollrath.

Bibliographie, lectures recommandées

Intensive reading of the textbook by Jones and Vollrath is mandatory for the course.

JONES, C.I. & D. VOLLRATH (2013) Introduction to economic growth; W. W. Norton and Company; Inc, New-York, London.

Here are some other possible readings.

ACEMOGLU, Daron. Introduction to Modern Economic Growth. Princeton, NJ: Princeton University Press, 2008 (advanced)

BARRO, R. and SALA I Martin, X. (1995) Economic growth; McGraw-Hill. (advanced)

EASTERLY, W. (2002) The Elusive Quest for Growth, MIT Press (non-technical)