Economic Growth : Spring 2016

Syllabus du cours

Publié le 28 January 2016


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. 


Course details:

Lectures: Tuesday, 13:15-17:00, Anthropole 3088.


The principal instructors are Dr Johannes Buggle [] and Dr Seyhun Orcan Sakalli [].

The teaching assistant is Stephanos Vlatchos [].



-         1 Mid-term exam: 40%

-         1 Class presentation of a research paper: 30%

-         1 Final exam: 30%


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 in all exams.


Teaching material and Readings:

The presentation material is downloadable from the HEC website of the course.

The reading list for the second part of the course including the compulsory reading and the list of papers for the class presentation will be distributed after week 4. The exact format of the presentations (i.e. topics, schedule) will also be explained after week 4.



Aim and Scope of the Course:

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 theory 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.



Part 1 : Theory

  • Session 1, February 23  (Johannes)
    • Introduction
    • Stages of Growth: Malthusian Model
  • Session 2, March 1 (Seyhun)
    • Unified Growth Theory
  • Session 3, March 8 (Seyhun)
    • Unified Growth Theory
  • Session 4, March 15 (Seyhun)
    • Solow Model and Applications
    • Growth and Development Accounting
  • Session 5, March 22 (Johannes)
    • Endogenous Growth: AK Model, Romer Model, Schumpeterian Growth
  • Session 6, April 5: Mid-Term Exam


  • 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 2 : Topics

  • Session 7, April 12: Institutions (Johannes)
  • Session 8, April 19: Culture (Seyhun)
  • Session 9, April 26: Geography & Natural Resources (Johannes)
  • Session 10, May 3: Human Capital & Innovation (Johannes)
  • Session 11, May 10: Trade and Migration (Seyhun)
  • Session 12, May 17: Inequality and Poverty (Seyhun)
  • Session 13, May 24: Conflict and War (Seyhun)
  • Session 14, May 31: Persistence & Historical Development (Johannes)