Module: Growth Economics 1 (5208-510)

Persons:

• Prof. Dr. Harald Hagemann (verantwortlich)

Degree Program:

• Bioeconomy (Master, since 01.10.2014)
  2. Semester, elective
• Bioeconomy (starting WS 16/17) (Master, since 01.04.2017)
  2. Semester, elective

Relation to other Modules:

Advanced Macroeconomics, Economics of Innovation (1+2), Technology and Employment, Money and Employment, International Trade 1, Economic History and History of Economic Thought (1+2)

Prerequisites for Attendance:

none

Sprache:

English

ECTS:

6 credits

Frequency:

every summer semester

Length of the Module:

1 semester

Compulsory assignment:

written examination

Length of the examination:

60 minutes

Workload:

180h 45 h lecture/class attendance 135 h preperation and follow-up, preperation for the exam and exam

Professional competences:

Students possess an in-depth understanding of the canonical models of Modern Economic Growth Theory. Their know-how includes the understanding of the origins of today's income differences and world economic growth patterns. Why do some countries perform better than others in economic terms? How can we explain large differences in per capita income, productivity and their respective growth rates? Why do we observe diverse patterns of convergence and divergence with some countries catching up, falling behind or even forging ahead? . Studying these fundamental questions of economic theory is at the heart of Economic Growth Theory and it is the purpose of this course to provide a deeper understanding of the origins of today’s income differences and world economic growth in a long-run perspective. They are in a good position to critically discuss the main growth paradigms (the Neoclassical Model, Product Variety Models, Schumpeterian Models) by building on a comprehensive treatment of the more advanced topics such as Human Capital Models, General Purpose Technologies, Directed Technical Change, Trade-induced Technological Change and Institutions, and Culture & Religion, that shed more light on the dynamic processes and the more fundamental causes of growth and development.

Courses