MPE_TEKR Theory of Economic Growth

Faculty of Economics and Administration
Autumn 2014
Extent and Intensity
2/0/0. 4 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Miroslav Hloušek, Ph.D. (lecturer)
Guaranteed by
Ing. Miroslav Hloušek, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Supplier department: Department of Economics – Faculty of Economics and Administration
Timetable
Wed 17:10–18:45 P201
Prerequisites (in Czech)
! PETER Theory of the economic growth
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 60 student(s).
Current registration and enrolment status: enrolled: 0/60, only registered: 0/60, only registered with preference (fields directly associated with the programme): 0/60
fields of study / plans the course is directly associated with
Course objectives
Main objective of the course is to provide overview of important theories of economic growth.
At the end of this course, students should be able to:
- measure economic growth, give overview of growth empirics
- analyze behaviour of Solow model
- evaluate relevance of Solow model how it fits the data
- understand extension of Solow model by human capital
- distinguish absolute and relative convergence (calculate speed of convergence)
- analyze behaviour of Ramsey model
- evaluate government policy in Ramsey model
- interpret behaviour of neoclassical model in open economy
- give overview of models of endogenous growth
- distinguish causes of "endogenity" - learning by doing, government investment, human capital accumulation
- analyze Romer's model (Research and Devlopment, increasing variety)
- analyze Jones' model (understand differences compared to Romer's model)
- understand to Aghion - Howitt model (R & D, Schumpeterian perspective)
- evaluate models of endogenous growth on data
Syllabus
  • 1. Introduction - measuring growth
  • 2. Solow model
  • 3. Solow model and growth econometrics
  • 4. Cross-country studies and human capital
  • 5. Convergence and growth regression
  • 6. Endogenous savings, the Ramsey model
  • 7. Policy in the neoclassical model
  • 8. Investment and savings in an open economy
  • 9. Models of endogenous growth: overview
  • 10. Learning by doing
  • 11. Government investments
  • 12. Human capital accumulation reconsidered
  • 13. Models of Research and Development (growth through increasing variety, Romer model)
  • 14. Models of R&D (growth through expanding quality, Aghion-Howitt model)
  • 15. Endogeneous growth models and the data
Literature
    required literature
  • BARRO, Robert J. and Xavier SALA I MARTÍN. Economic growth. 2nd ed. Cambridge, Mass.: MIT Press, 2004, xvi, 654. ISBN 0262025531. info
    recommended literature
  • Advanced macroeconomics. Edited by David Romer. 3rd ed. Boston: McGraw-Hill, 2006, xxii, 678. ISBN 0072877308. info
  • ČIHÁK, Martin and Tomáš HOLUB. Teorie růstové politiky. Vyd. 1. V Praze: Vysoká škola ekonomická v Praze, 2000, 170 s. ISBN 8024501260. info
  • Introduction to economic growth. Edited by Charles I. Jones. 2nd ed. New York: W.W. Norton, 2002, xiv, 237. ISBN 0393977455. info
Teaching methods
lectures, readings, group project
Assessment methods
term paper (joint work, 2-3 people in a group, necessary before taking exam)
examination: written, minimum is 60 %
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
General note: Nezapisují si studenti, kteří absolvovali předmět PETER.
Information on course enrolment limitations: max. 20 cizích studentů;
Information about innovation of course.
This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.

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Teacher's information
http://www.econ.muni.cz/~hlousek/teaching/tekr.html
The course is also listed under the following terms Autumn 2009, Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2014/MPE_TEKR