Growth and Development Economics

Year
2

Academic year
2025-2026

Code
01621540

Subject Area
Economy

Language of Instruction
Portuguese

Other Languages of Instruction
English

Mode of Delivery
Face-to-face

Duration
SEMESTRIAL

ECTS Credits
6.0

Type
Compulsory

Level
1st Cycle Studies

Recommended Prerequisites

Principles of Macroeconomics, Macroeconomics, Mathematics II, English.

Teaching Methods

Teaching methodology is based on theoretical and practical classes where students are supposed to have an active participation and solving several exercises. Theorectical lectures combine exposition of economic intuition combined with graphical and mathematical exposition and proofs of important results.

Learning Outcomes

1. calculate growth rates, convergence rates and timings, levels of income, the human development index; and different measures of poverty; draw lorenz curves and compare them; interpret Gini Indexes [this LO contributes to LO 3 of the programme]

2. Apply the concepts of steady-state, transitional dynamics and convergence in different models of economic growth;

3. Recognize the main engines of growth (proximate causes of growth) and the determinants of growth and income per capita in different models of economic growth;

4. Link demographic transition with the take-off and the different stages of economic growth throughout history, explaining the mechanisms in presence;

5. Recommend measures and policies which may enhance prospects of growth and development of countries 2 to 5 contribute to LO 1 of the programme.

Work Placement(s)

Syllabus

Chap 1 - Economic Growth and Development
Chap 2 – Development, Inequality and Poverty
Chap 3 Solow Model without Technical Progress
Chap 4 Solow Model with Technical Progress
4.1 Growth accounting
4.2 Convergence
Chap 5 - Innovation
6.1 Empirical Motivation
6.2 Market Structure
6.3 R&D Models
Chap. 6 - Human Capital
7.1 Empirical Motivation
7.2 Exogenous Human Capital Model
7.2 Endogenous Human Capital Models
Chap. 8 - Empirical Implications
8.1. - Neoclassical models and differences in per capita income levels
8.2 - Endogenous growth models and differences in growth rates 8.3 - Scale effects in growth and level
Chap. 9 - Growth and International Trade
9.1 Empirical Motivation
9.2 Model with technology imports
Chap. 10 - Growth and Demographic Transition.

Head Lecturer(s)

Tiago Miguel Guterres Neves Sequeira

Assessment Methods

Assessment
Periodic or by final exam as given in the course information: 100.0%

Bibliography

Mandatory Readings:

AFONSO, O., VASCONSELOS, P., NEVES, P. e SEQUEIRA, T. (2024). Crescimento Económico. Edições Almedina (Crescimento Económico 2ª Edição (almedina.net))

JONES, Charles I. ; VOLLRATH, Dietrich - Introduction to economic growth. 3rd ed.. New York : W. W. Norton & Company, 2013.