Faculty of Business and Management Sciences · International Trade and Finance · Undergraduate
Course Objective
The purpose of this course is to provide students with a comprehensive understanding of the theories and empirical evidence behind economic growth. The course aims to explore the factors that drive long-term economic growth, including capital accumulation, technological innovation, human capital, and policy implications.
Course Content
Through this course, students will learn to analyze economic growth models, understand their applications, and critically assess the growth patterns of different countries. The course will equip students with the tools to evaluate the challenges and opportunities for fostering economic growth in both developed and developing economies.
Required Resources
Jones, Charles I., & Vollrath, Dietrich. (2013). Introduction to Economic Growth (3rd ed.). W. W. Norton & Company.
Recommended Resources
Acemoğlu, Daron. (2009). Introduction to Modern Economic Growth. Princeton University Press.
Weil, David N. (2012). Economic Growth (3rd ed.). Pearson.
Explanations
70% attendance is mandatory.
Rules
University rules and academic ethics must be followed during exams and in-class activities.
Course Learning Outcomes
- Students will be able to understand fundamental theories of economic growth and analyze different growth models.
- Students will be able to evaluate the effects of capital accumulation, technology, and human capital on economic growth.
- Students will be able to interpret the relationships between economic growth, income distribution, and development.
- Students will be able to understand the concept of sustainable growth and analyze the role of environmental and institutional factors in growth.
- Students will be able to comparatively examine historical growth processes and cross-country growth differences.
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 18 | 4 | 72 |
| Midterm | 1 | 1 | 1 |
| Quiz | 0 | 0 | 0 |
| Assignment | 3 | 1 | 3 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 1 | 1 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction to Economic Growth | Jones & Vollrath, Chapter 1 |
| 2 | Historical Background of Growth Theories | Weil, Chapter 1 |
| 3 | The Solow Model I: Capital Accumulation | Jones & Vollrath, Chapter 2 |
| 4 | The Solow Model II: Technological Progress | Weil, Chapter 4 |
| 5 | Empirical Evidence on the Solow Model | Jones & Vollrath, Chapter 3 |
| 6 | Keynesian Growth Model | Acemoğlu, Chapter 5 |
| 7 | Endogenous Growth Models I: Introduction | Jones & Vollrath, Chapter 6 |
| 8 | Midterm | Midterm |
| 9 | Endogenous Growth Models II: Human Capital | Weil, Chapter 7 |
| 10 | Institutions and Growth | Acemoğlu, Chapter 4 |
| 11 | Geography and Growth | Weil, Chapter 8 |
| 12 | Globalization and Economic Growth | Jones & Vollrath, Chapter 5 |
| 13 | Inequality and Economic Growth | Acemoğlu, Chapter 9 |
| 14 | Growth in Developing Countries | Weil, Chapter 11 |
| 15 | Sustainability, Technological Change and Future Growth | Jones & Vollrath, Chapter 6; Acemoğlu, Chapter 13 |
| 16 | Final exam | Final exam |