Growth and Development

Dozent/in	Prof. Dr. Manuel Oechslin
Veranstaltungsart	Vorlesung
Code	FS161234
Semester	Frühjahrssemester 2016
Durchführender Fachbereich	Ökonomie
Studienstufe	Bachelor Master
Termin/e	Mo, 22.02.2016, 15:15 - 17:00 Uhr, 4.A05 Mo, 29.02.2016, 15:15 - 17:00 Uhr, 4.A05 Mo, 07.03.2016, 15:15 - 17:00 Uhr, 4.A05 Mo, 14.03.2016, 15:15 - 17:00 Uhr, HS 11 Mo, 21.03.2016, 15:15 - 17:00 Uhr, 4.A05 Mo, 04.04.2016, 15:15 - 17:00 Uhr, 4.A05 Mo, 11.04.2016, 15:15 - 17:00 Uhr, 4.A05 Mo, 18.04.2016, 15:15 - 17:00 Uhr, 4.A05 Mo, 25.04.2016, 15:15 - 17:00 Uhr, 4.A05 Mo, 02.05.2016, 15:15 - 17:00 Uhr, 4.A05 Mo, 09.05.2016, 15:15 - 17:00 Uhr, 4.A05 Mo, 23.05.2016, 15:15 - 17:00 Uhr, 4.A05 Mo, 30.05.2016, 15:15 - 17:00 Uhr, 4.A05
Umfang	2 Semesterwochenstunden
Turnus	weekly
Inhalt	Why are some countries richer than others? Why have some economies been able to sustain high growth rates for decades, while others have a history of economic stagnation? Economists have been interested in these questions for a long time. This course provides an overview of what we know about the answers. We start by focusing on the engines of economic growth, capital accumulation (both physical and human) and productivity improvements. In particular, we examine to what extent income variation across countries can be explained by variation in human and physical capital accumulation; and how research and development, by improving technology, can lead to sustained productivity growth. We then turn to the deeper determinants that underlie cross-country differences in accumulation and productivity. In this context, we examine the role of institutions, and geography, among other things.
Lernziele	Relying on the simple growth framework developed in class, the students are able to explain how income variation among countries is determined by differences in factor accumulation and productivity. The students further understand how factor accumulation and productivity relate to deeper determinants of economic development, like institutions.
Voraussetzungen	"Ökonomie und menschliches Verhalten" and "Analyse der Gesamtwirtschaft" are recommended.
Sprache	Englisch
Leistungsnachweis	Written graded exam of 90 minutes on Monday, May 30.
Abschlussform / Credits	Benotete Prüfung / 3 Credits
Hinweise	STUDENTS WHO ENROLL IN THE LECTURE HAVE TO ENROLL IN THE TUTORIAL AS WELL!
Kontakt	manuel.oechslin@unilu.ch
Literatur	Weil, David (2013); Economic Growth (3rd edition). Harlow: Pearson; all materials covered in class; a syllabus and lecture notes are available on OLAT.