| Detailed information |
| Pre-requisites |
(*)KS Einführung in die Volkswirtschaftslehre UND KS Einführung in die Makroökonomie
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| Original study plan |
Bachelor's programme Economics and Business 2020W 2020W |
| Objectives |
The course gives an overview of research on the question: “Why are some countries poor while others are rich?” After completing the course, students should know the basic facts about economic growth and understand the components, results, and consequences of the main theoretical models in the field and their empirical relevance.
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| Subject |
International income differences; Solow growth model and empirical applications; endogenous growth models; misallocation of resources; institutions; structural change
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| Criteria for evaluation |
Regular homeworks will be part of the evaluation as well as a final exam.
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| Methods |
For each topic, we start out with an empirical observation using real-world data and discuss how we can build a model to explain such an observation. Students are expected to bring a laptop (or at least a tablet) to work on toy models in Excel (or similar programs) themselves or analyze data to gain insights. Lectures will be only a small part of this course to formalize the ideas we gained during in-class discussions.
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| Language |
English |
| Study material |
Lecture notes will be provided. Some chapters from various textbooks might be required reading.
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| Changing subject? |
No |
