Course: Technology and Growth (5706-273)

Persons:

• Prof. Dr. Klaus Prettner (verantwortlich)

Type of Course:

lecture

In-Class Hours Per Week:

2

Contents:

Stylized facts of long-run economic growth and technological progress. Introduction to endogenous and semi-endogenous growth models (specifically those of Kremer, Romer and Jones), and Schumpeterian growth models. Detailed discussion of the role of human capital in this context. Critical assessment of the models. Application of the frameworks to answer questions such as: What are the determinants of and interrelations between long-run economic growth and technological progress? Which policy measures can affect technological progress and thereby long-run economic growth? What is the connection between technological progress and human capital?

Literature:

Aghion, P., Howitt, P. (2009): The Economics of Growth, MIT Press.
Jones, C. I., Vollrath, D. (2013): Introduction to Economic Growth, 3rd ed., W & W Norton Company.
Weil, D. N. (2013): Economic Growth, 3rd ed., Pearson.

Location:

Hohenheim

Remarks:

Although it is not necessary, having visited the lecture “Wachstum” from the module “AVWL 2: Wirtschaftsdynamik & Innovation (5209-270)” is helpful with regards to some background knowledge related to this lecture. Since “Wachstum” is scheduled as a compulsory lecture for the 4th semester anyway, we recommend to visit it first.

Module:

• 5706-270 Advanced Module Innovation Economics (compulsory)