AØKA08089U Economic Growth (F)
in Economics – elective course
The course is part of the Financial line at the MSc programme in Economics, symbolized by ‘F’.
The PhD Programme in Economics at the Department of Economics:
- The course is an elective course with research module. PhD students must contact the study administration AND the lecturer in order to register for the research module and write the research assignment.
- The course is a part of the admission requirements for the 5+3 PhD Programme. Please consult the 5+3 PhD admission requirements.
The course introduces topics in the field of economic growth with particular relevance to the growth process in the industrialized part of the world. In particular, we study theories of economic growth where knowledge accumulation drives technological change, as determined by factor accumulation as well as through research and development. We also discuss the role played by technology transfer; the importance of misallocation in development as well as of economic geography. Measurement issues concerning economic growth will also be discussed.
Empirical evidence will be discussed in an effort to gauge the practical importance of various theories. Moreover, we review current debates in the area of economic growth where we apply various frameworks that are introduced in the course. For example: is a growth slowdown on the horizon? What is the cause of the transatlantic productivity divergence?
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.
After completing the course the student is expected to be able to:
• Have a broad appreciation of important papers in the literature relevant to economic growth in industrialized economies.
• Apply his/her knowledge of econometrics to articles that conduct quantitative analysis with bearing on growth within and across industrialized economies.
• Understand theoretical models and arguments in the area, as well as be able to provide intuition for central mechanisms and assess the model’s empirical predictions.
• Appreciate some of the key debates among economists and how they relate to contemporary policy issues
• Function as a trained economist working on the problems of less developed countries in an international organization, business environment, government or non-governmental organization.
The course uses selected chapters from Barro, R og X. Sala-i-Martin (2004). “Economic Growth” (2nd ed), MIT press as well as journal articles, handbook chapters etc.
Useful reading before the course is taken includes the mentioned book by Barro and Sala-i-Martin Ch. 1-3.
In case of a pandemic like Corona the teaching in this course may be changed to be taught either fully or partly online. For further information, see the course room on Absalon.
3 hours lectures a week from week 6 to 20 (except holidays).
The overall schema for the Master can be seen at KUnet:
MSc in Economics => "courses and teaching" => "Planning and overview" => "Your timetable"
KA i Økonomi => "Kurser og undervisning" => "Planlægning og overblik" => "Dit skema"
Timetable and venue:
To see the time and location of lectures please press the link under "Timetable"/"Se skema" at the right side of this page ( F means Spring).
You can find the similar information in English at
-Select Department: “2200-Økonomisk Institut” (and wait for respond)
-Select Module:: “2200-F21; [Name of course]”
-Select Report Type: “List – Weekdays”
-Select Period: “Forår/Spring – Week 5-30”
Press: “ View Timetable”
For gæste- og enkelfagsstuderende: Tilmelding via Uddannelse i Økonomi.
- 7,5 ECTS
- Type of assessment
- Written examination, 3 hours under invigilationin the exam venues of the university.
The exam assignment is given in English and must be answered in English.
In the event that this summer's exams have to be conducted as online exams due to COVID-19, the exam form will be a 3 H take-home exam with aids. The reexam will be the same as the rescheduled ordinary exam, but possibly online orally if only few students register.
- Exam registration requirements
There are no requirements that the student has to fulfill during the course to be able to sit the exam.
- Without aids
for the written exam.
In case of an oral reexam, please go to the section "Reexam" for further information about allowed aids.
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
for the written exam. The exam may be chosen for external censorship by random check.
- Exam period
The regular exam takes place:
3 June 2021
The exact time and room will be available in the Digital Exam from the middle of the semester.
In special cases, the exam date can be changed to another time and day. In case of COVID-19 restrictions, look at the "Type of assessment" section.
The written reexam takes place:
12 August 2021
NOTE: If only few students register for the written re-exam, the re-exam might change to a 20 minutes oral examination with 20 minutes preparation time.
All written aids allowed during the preparation time, no aids allowed during the examination.
If changed to an oral re-exam, the exam date, time and place might change as well. The Examination's Office then informs the students by KU e-mail. In case of COVID-19 restrictions, look at the "Type of assessment" section.
Info is available in Digital Exam early August.
Criteria for exam assesment
Students are assessed on the extent to which they master the learning outcome for the course.
To receive the top grade, the student must with no or only a few minor weaknesses be able to demonstrate an excellent performance displaying a high level of command of all aspects of the relevant material and can make use of the knowledge, skills and competencies listed in the learning outcomes.