Learning objectives
1) Knowledge and applied knowledge. This course enables students to improve their knowledge of the causes and consequences of (macro-)economic growth, and of their potential application to actual data.
2) Judgmental skills. This course will improve the judgment skills necessary to understand the effects of globalization and Government on growth necessary to put in practice the pieces of knowledge more amenable to empirical applications
3) Making judgements. The course will foster student's ability to integrate knowledge and handle complexity and formulate judgements regarding the mechanism that is driving the dynamics of economic growth and
the change in standards of living.
4) Communications skill. Students will have the ability to communicate
their judgements with the help of proper definitions and by selecting suitable diagrams and charts for assessing economic growth.
5) Learning skills. Students will be stimulated to make use of critical-thinking abilities when they analyze economic growth scenarios.
Prerequisites
Familiarity with some basic concepts of Macroeconomics and Microeconomics (GDP, labor productivity, marginal productivity of a factor, returns to scale).
Course unit content
Why do growth rates differ across countries and over time? How do we measure the growth contribution of physical and human capital? Is globalization bad or good for growth? These are the main questions that related to the course contents. After some basic concepts of macroeconomics, this course will focus on the standard neoclassical growth model to study the determinants of economic growth. It does so by providing the tools usefult to coherently and practically interpret and analyze data on the evolution of living standards.
Full programme
The extend program will follow the main parts of the textbook:
- Macroeconomics: the bird’s eye view of the economy;
- Measuring macroeconomics: GDP and unemployment
- Economic growth and productivity;
- The Solow model of economic growth;
- International Trade and Trade Policy.
Bibliography
“Economic growth and innovation. A composite textbook”, (edited by) A. Lasagni, McGraw-Hill Education.
Teaching methods
Traditional lectures in classroom, guided exercises, and analysis of specific tables with data based on relevant concept or statistics. Recording of all lectures will be posted on ELLY platform.
Assessment methods and criteria
Being an integrated course (Growth and History of the Global Economy),
the exam is normally performed simultaneously
to that of History of Globalization, to which the syllabus is referred.
STARDAND EXAM - Final written exam (up to 25 pts for knowledge; up to 10 pts for judgment skills). INTERMEDIATE EXAM: during the course (according to some directions published on ELLY platform), an intermediate written exam (only ECONOMIC GROWTH AND INNOVATION) will be organized for attending students. Details will be made available on ELLY platform.
Other information
