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 & Romer-Jones model
W6 : Schumpeterian growth
W7 : Growth and development (using the Romer-Jones model to understand differences in development)
W8 : Social infrastructures and long-run economic performance
W9 : Population and the origin of sustained economic growth
W10 : Alternative theories of economic growth
W11 : Natural resources and economic growth
Basic knowledge of formal economics (undergraduate) and ability in mathematics (as would be expected from third year undergraduates in Economics).
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.
Mode de contrôle des connaissances :
Participation and quizzes (50% of the final mark)
Final exam (50% of the final mark)
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.
http://press.princeton.edu/titles/8764.htmlIntroduction 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)