[ 572KMAIECGK21 ] KS Economic Growth

(*) Unfortunately this information is not available in english.
Workload Education level Study areas Responsible person Hours per week Coordinating university
3 ECTS B2 - Bachelor's programme 2. year Economics Daniel Schaefer 2 hpw Johannes Kepler University Linz
Detailed information
Pre-requisites (*)KS Einführung in die Volkswirtschaftslehre UND KS Einführung in die Makroökonomie
Original study plan Bachelor's programme Economics and Business 2021W
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.
Subject Cross-Country Income Differences; Solow Growth Model; Endogenous Growth Models; Institutions as Fundamental Source of Long-Run Growth; Natural Resources
Criteria for evaluation Regular problem sets will be part of the evaluation as well as a final exam.
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. Lectures will be only a small part of this course to formalize the ideas we gained during in-class discussions.
Language English
Study material “Introduction to Economic Growth”, 3rd edition, by Charles I. Jones and Dietrich Vollrath, published by W. W. Norton. ISBN 978-0393920789
Changing subject? No
Further information It is recommended that this course should be chosen after successfully completing of the KS Mathematics for Social and Economic Sciences (or similar). Basic mathematical concepts in the KS Economic Growth include:

  • Derivatives, exponents, logarithms
  • Integration
  • Compound interest and exponential growth
  • Maximization of a function
Earlier variants They also cover the requirements of the curriculum (from - to)
572KMAISWWK20: KS Economic Growth (2020W-2021S)
On-site course
Maximum number of participants 200
Assignment procedure Assignment according to priority