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Economic Growth

  • Enseignant(s): S.Sakalli , J.Buggle
  • Titre en français: Théorie de croissance
  • Cours donné en: anglais
  • Crédits ECTS: 6 crédits
  • Horaire: Semestre de printemps 2016-2017, 4.0h. de cours (moyenne hebdomadaire)
  •  séances
  • site web du cours site web du cours
  • Formation concernée: Maîtrise universitaire ès Sciences en économie politique

 

Objectifs

The aim of this course is to understand the key features of the growth and development process at the world level, both theoretically and empirically. The first part of the course will introduce a number of theoretical models to develop an analytical framework of economic growth in historical perspective and across countries. In the second part we will study empirically the fundamental sources of the vast income and growth differences across countries.

a) Goals of the first part of the Course [“Theory”]

- Get to know the facts of economic growth across countries and time

- Provide a rigorous theoretical framework to think about economic growth and development, including the study of

i) economic growth over the the long-run, and the transition of economies from stagnation to per capita income growth

ii) neoclassical growth theories and the contribution of different factors to economic growth and development

iii) endogenous growth theories that explain where technological progress comes from

b) Goals of the second part of the Course [“Topics”]

- Cover important topics at the frontier of current research to identify the sources of growth and development.

- Introduction to current empirical methods in applied economics.

The principal instructors are Dr Johannes Buggle [johannes.buggle@unil.ch] and Dr Seyhun Orcan Sakalli [Seyhunorcan.Sakalli@unil.ch].

The teaching assistant is Stephanos Vlachos [stephanos.vlatchos@unil.ch].

Contenus

PART I : Theory

Session 1, February 21 (Johannes)

- Introduction, Stylized Facts on Macro Development

- Stages of Growth: Malthusian Model

Session 2, February 28 (Seyhun)

- Unified Growth Theory

- The main components of UGT

Session 3, March 7 (Seyhun)

- Unified Growth Theory

- Dynamic system and comparative development

Session 4, March 14 (Seyhun)

- Neoclassical Growth Theory

- Solow and Ramsey-Caas-Koopmans

Session 5, March 21 (Johannes)

- Endogenous Growth: AK Model, Romer Model, Schumpeterian Growth

Session 6, March 28: Mid-Term Exam

PART II : Topics

Session 7, April 4: Institutions (Johannes)

Session 8, April 11: Culture (Seyhun)

Session 9, April 25: Geography & Natural Resources (Johannes)

Session 10, May 2: Human Capital & Innovation (Johannes)

Session 11, May 9: Trade and Migration (Seyhun)

Session 12, May 16: Inequality and Poverty (Seyhun)

Session 13, May 23: Conflict and War (Seyhun)

Session 14, May 30: Persistence & Historical Development (Johannes)

Références

PART I : Theory

- Galor, 2011, Unified Growth Theory

- Aghion & Howitt, 2009, The Economics of Growth

- Jones & Vollrath, 2013, Introduction to Economic Growth (Third Edition)

- Romer, 2011, Advanced Macroeconomics

PART II : Topics

The presentation material is downloadable from the HEC website of the course. The list of papers for the class presentation will be distributed after week 4.

Pré-requis

PART II : Topics

The compulsory reading for the second part of the course will be distributed after week 4.

Evaluation

1ère tentative

Examen:
Ecrit 2h00 heures
Documentation:
Non autorisée
Calculatrice:
Non autorisée
Evaluation:

- Mid-term exam: 40%

- Class presentation of a research paper: 30%

- Final exam: 30%

Documentation will not be allowed in all exams.

For class presentations, the exact format (i.e. topics, schedule) will be explained after week 4. The final list of papers will be diffused on week 4.

Rattrapage

Examen:
Ecrit 2h00 heures
Documentation:
Non autorisée
Calculatrice:
Non autorisée
Evaluation:

The make-up exam stands alone: the previous results (midterm / class presentation / Final exam) will not be taken into account. Documentation will not be allowed.



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