Economic growth theory

Ects : 2

Enseignant responsable :


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

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.
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.

ACEMOGLU, Daron. 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)