Economic Growth
0
2017-2018
02639562
Economics
Portuguese
Face-to-face
6.0
Elective
2nd Cycle Studies - Mestrado
Recommended Prerequisites
Intermediate Macroeconomics; English knowledge.
Teaching Methods
Lectures and Tutorials
Tutorials are organized in accordance to the assessment regime of economic growth and the tasks performed by the students are the following:
To solve exercises on the blackboard (individual work – two exercises)
Oral presentation and discussion of a written report based on growth papers of a specific growth (individual work)
To handle homework exercises (individual work)
To comment and discuss the presentation and written report of another student based on growth papers on a different growth subject (individual work).
Learning Outcomes
Overall objectives
To explain growth patterns between and within countries
To understand the influence of public growth policies
Specific objectives
To identify growth factors and transmission mechanisms
To study steady state solutions and transitional dynamics
To identify and to quantitatively assess the main policy predictions
To identify different methodologies of empirical analysis
To know international growth datasets and to implement quantitative growth descriptions
Generic competencies
To know how to read, communicate and argue about growth subjects
To know how to search for growth datasets and to build samples
Specific competencies
To be able to test growth stylized facts and long-run relationships with GRETL program
To be able to solve problems based on growth models
To know how to write, present, comment and discuss a synthesis report based on several scientific papers.
Work Placement(s)
NoSyllabus
1 – Introduction
1.1 The importance of economic growth
1.2 Growth factors
1.3 Empirical regularities
2 – Exogenous Growth
2.1 Solow growth model
2.2 Mankiw Romer e Weil growth model
2.3 Ramsey Cass e Koopmans growth model
3 – Endogenous Gowth
3.1 Ideas
3.2 The first-generation growth models
3.3 The second-generation growth models
4 – Growth with technological diffusion
4.1 Technological convergence mechanism
4.2 Growth model with technological diffusion
4.3 Channels of international diffusion and domestic absorptive capacity
5 – Empirical analysis of economic growth
5.1 Beta convergence regressions
5.2 Ad-hoc growth regressions
5.3 Growth accounting and growth accounting regression.
Head Lecturer(s)
Maria Adelaide Pedrosa Silva Duarte
Assessment Methods
Assessment
Periodic or by final exam as given in the course information: 100.0%
Bibliography
BARRO, Robert J. ; SALA-I-MARTIN, Xavier - Economic growth. 2nd ed.. Cambridge, Mass : MIT Press, 2004.
CHIANG, Alpha C. - Elements of dynamic optimization. New York : McGraw-Hill, 1992.
CHIANG, Alpha C. ; WAINWRIGHT, Kevin - Fundamental methods of mathematical economics. 4th ed.. Boston : McGraw-Hill, 2005.
GALOR, Oded - Unified growth theory. Princeton : Princeton University Press, 2011.
PIKETTY, Thomas – Capital in the twenty-first century. Trad. GoldhammeR, Arthur. 1st ed. Harvard: Harvard University Press, 2014.
OCDE - Economic policy reforms 2015: going for growth. Paris : OECD, 2015.
ROGERS, Mark - Knowledge, technological catch-up and economic growth. Cheltenham : Edward Elgar, 2004.
ECONOMIC growth in Europe : a comparative industry perspective. Marcel P. Timmer [et al.]. Cambridge : Cambridge University Press, 2010.
WEIL, David N. - Economic growth. 3rd ed.. Boston : Pearson/Addison Wesley, 2013.
AGHION, Philippe; HOWITT, Peter – The economics of growth. 1st ed. Massuchusetts: MIT Press, 2009.