AØKA08089U Economic Growth (F)
Elective at MSc in Economics
The course is part of the Financial line symbolized by
"F".
We study what factors determine productivity levels and productivity growth in the longer run. We regard productivity as an endogenous variable evolving over time in response to human and physical capital accumulation and research and development. The emphasis is on the industrialized world. We also address models and current issues related to technology transfer, catching-up, natural resources and the environment. There will be an emphasis on formal models (understanding them, being able to evaluate them from both a theoretical and empirical perspective, and to use them to analyse specific questions). Calculus intensity is high.
Themes:
1. How is the world income distribution evolving?
2. Do countries converge towards steady state paths and, if so, how
fast?
3. Why do growth rates differ over long periods?
4. How rapidly do marginal returns to produced inputs diminish?
5. How can the emergence of new product qualities and new
production methods be modelled?
6. Is continued economic growth compatible with sustainable
economic development?
7. With a view to the climate change problem, what should the
discount rate be in long-term social investment?
The aim of the course is to provide students with the skills
needed to function as a trained economist working on the problems
of economic growth in an international organization, business
environment, governmental or non-governmental organization or
pursuing a research degree.
By the end of the course the student should be able to:
1. Explain and apply major theoretical growth models and discuss
their relevance to the understanding of the economic growth
process.
2. Apply the concepts and analytical tools of growth theory to
specific questions related to technical change and the evolution of
productivity.
3. Account for key empirical regularities concerning technical
change and evolution of productivity.
4. Apply knowledge of empirical methods to articles that
conduct quantitative analysis in the context of economic growth.
5. Comment in an enlightened way upon key debates among economists
concerning factors that matter for economic growth.
A perfect score of 12 at the final exam is given if the student is
able to demonstrate -- in a clear, concise and convincing way - to
have obtained thorough competence in dimensions 1 to
5.
The course does not follow any particular textbook, but uses lecture notes, a few journal articles and selected chapters from:
Acemoglu, D., Introduction to Modern Economic Growth, Princeton University Press, 2009.
Jones, C. I., and D. Vollrath, 2013, Introduction to Economic Growth, 3rd ed., Norton: New York.
(updated 15-12-15)
Useful reading before the course is taken includes the mentioned book by David Romer (chapters 1-3).
Time and room:
For time and classroom please press the link under "Se skema"(See schedule) at the right side of this page (15E means Autumn 2015, 16F means Spring 2016).
Normally the exercise classes begin in the second week of the semester.
You can find the similar side partly in English at
https://skema.ku.dk/ku1516/uk/module.htm
-Select Department: “2200-Økonomisk Institut” (and wait for respond)
-Select Module:: “2200-F16;Economic Growth”
-Select Period: “Forår/Spring – Weeks 4-29”
-Press: “ View Timetable”
- Category
- Hours
- Class Exercises
- 28
- Exam
- 3
- Lectures
- 28
- Preparation
- 147
- Total
- 206
for enrolled students. More information about registration, schedule, rules, courses etc. can be found at the student intranet (KUnet) for courses (English) and student intranet (KUnet) for courses (Danish).
Registration and information for prospective foreign speaking students, exchange students, Open University etc. please find more information at Study Economics.
For dansktalende enkelfagsstuderende kan tilmelding ske via siderne Åbent Universitet og Merit.
- Credit
- 7,5 ECTS
- Type of assessment
- Written examination, 3 hours under invigilationThe exam is a 3 hours written test without any aids.
- Exam registration requirements
One assignment in the middle of the semester must be completed and accepted for access to the final exam.
- Aid
- Without aids
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
100 % censurship
- Exam period
The written exam takes place May 31, 2016 at Peter Bangsvej 36, 2000 Frederiksberg http://pc-eksamen.ku.dk/pc_exam
The exact time of the exam will be informed in the Self-Service at KUnet mid-April.
For enrolled students more information about examination, exam/re-sit, rules etc. is available at the student intranet for Examination (English) and student intranet for Examination (KA-Danish).
- Re-exam
The written exam takes place August 29, 2016 at Peter Bangsvej
The exact time of the exam will be informed in the Self-Service at KUnet mid-August.
If only a few students have registered for the re-exam, the exam might change to an oral exam including the date for the exam, which will be informed by the Examination Office.
Criteria for exam assesment
The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.
Course information
- Language
- English
- Course code
- AØKA08089U
- Credit
- 7,5 ECTS
- Level
- Full Degree Master
- Duration
- 1 semester
- Placement
- Spring
- Schedule
- Spring semester is week 6-35
Period of
-teaching: Week 6-21
-exam: Week 21-26
-re-sit: Week 31-36 - Course capacity
- No limits
- Continuing and further education
- Price
320 DKK per ECTS
- Study board
- Department of Economics, Study Council
Contracting department
- Department of Economics
Course responsibles
- Christian Groth (9-4b707a366f7a777c70486d6b777636737d366c73)
Lecturers
Spring 2016
Class 1: Niklas Brønager