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Economic Growth

Code 12423
Year 1
Semester S2
ECTS Credits 6
Workload OT(15H)/TP(30H)
Scientific area Economics
Entry requirements It is required that the students have basic knowledge of macroeconomics at the Bachelor level. It is required Calculus at the Bachelor level.
Mode of delivery Face to face
Work placements Has not
Learning outcomes The course aims to identify stylized facts, learn growth techniques and solve and illustrate the results of the main economic growth models developed in the XXth century.
Syllabus 1. Growth and Development. definitions and measures 2. The World in data. GDP, population, income inequality, development 3. Inequality measures: Lorenz Curve and Gini Index 4. Exogenous Growth theory 4.1. The Solow model. Revisions 4.2. The Solow model with human capital 4.3. Lessons from the exogenous growth theory 4.4. Growth accounting 5. Endogenous Growth theory 5.1. A model with human capital accumulation 5.2. A model with externalities in physical capital 5.3. A model with human and physical capital 5.4. AK model: comparison with the exogenous growth theory 5.5. Technology 5.6 An endogenous growth model with technology 6. Empirical Economic Growth. Sources, Data and Methods
Main Bibliography Jones e Vollrath, 2013, Introduction to Economic Growth, WW Norton & Co is the main reference. Other references: Easterly, William, 2001, The Elusive Quest for Growth, MIT Press: I Ray, D., 1998, Development Economics, Princeton University Press: Cap. 1: chapter 2, 6 and 8.2 R. Barro and X. Sala-i-Martin, Economic Growth, MIT Press, 2004, 2nd edition, chapter 1 and 2 Lucas, R. E., 1988, “On the Mechanics of Economic Development”, Journal of Monetary Economics, vol. 4 Romer, Paul, 1990, “Endogenous Technological Change”, Journal of Political Economy, vol. 98 Solow, Robert M., 1994, “Perspectives on Growth Theory”, The Journal of Economic Perspectives, vol. 8 Weil, David, 2005, “Economic Growth”, Pearson Education-Addison Wesley
Teaching Methodologies and Assessment Criteria Knowledge acquisition is evaluated with a written test (with a weight of 85%), scheduled to 30th May, and homeworks ( with a weight of 15%). Other rules below. Otherwise, apply the general university rules.
Language Portuguese. Tutorial support is available in English.
Last updated on: 2016-06-02

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