Growth Economics

Recommended Prerequisites

Macroeconomics, Mathematics.

Teaching Methods

Learning is based on the exposure and theoretical deduction of the models and their explanation in terms of economic intuition. In addition, students are challenged to choose a paper proposed within the program's topics and present it, explaining it in the classroom.

Learning Outcomes

General Goals

Understand the long-term economic dynamics, with a view to economic modelling and the resulting economic policy implications.

Specific Goals

Study the Theory of Economic Growth in its neoclassical version
Study endogenous growth theory
Study the implications of growth theory in open economy
Study the implications of growth theory for the effect of institutional quality

Generic Skills

Understand the long-term balance of economies with different characteristics
Understanding the transitional dynamics of economic growth models

Specific Skills

Understanding the notions of steady state, transition dynamics, and convergence
Understanding the effect of physical capital of human capital and technology for economic growth
Understanding the effect of openness to trade and foreign direct investment on economic growth
Understanding the effect of institutional quality on economic growth

Work Placement(s)

No

Syllabus

1. Introduction
2. Exogenous growth models
3. Endogenous growth models
4. Growth with technological diffusion
5. Institutions
6. Empirical analysis of economic growth
(optional: optimization of the saving rate)

Assessment Methods

Avaliação
Synthesis work: 50.0%
Frequency: 50.0%

Bibliography

Bibliografia Principal:
AFONSO, O., VASCONSELOS, P., NEVES, P. e SEQUEIRA, T. (2019). Crescimento Económico. Edições Almedina (Crescimento
Económico (almedina.net))
JONES, Charles I. ; VOLLRATH, Dietrich - Introduction to economic growth. 3rd ed.. New York : W. W. Norton & Company, 2013.
Complementar: um número de artigos científicos que moldou a atualidade científica neste campo de estudo é usado e apresentado em sala de aula quer em extensões desenvolvidas pelo docente quer nos trabalhos dos estudantes./Complementary: a number of scientific articles that have shaped the scientific actuality in this field of study are used and presented in class either in extensions developed by the teacher or in students' work.