| 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 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.
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| Subject |
Cross-Country Income Differences; Solow Growth Model; Endogenous Growth Models; Institutions as Fundamental Source of Long-Run Growth; Natural Resources
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| Criteria for evaluation |
Regular problem sets 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. 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 |
“Introduction to Economic Growth”, 3rd edition, by Charles I. Jones and Dietrich Vollrath, published by W. W. Norton. ISBN 978-0393920789
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| 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
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| Earlier variants |
They also cover the requirements of the curriculum (from - to)
572KMAISWWK20: KS Economic Growth (2020W-2021S)
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