Chair in Economic Policy

Theory of endogenous growth

  • Type: Lecture / Exercise
  • Target group: M. Sc.
  • Semester: WS
  • Lecturer: Prof. Dr. Ingrid Ott
  • SWS: 2
  • ECTS: 4,5
Prerequisites

Recommendations:

Basic knowledge of micro- and macroeconomics is assumed, as taught in the courses Economics I [2600012], and Economics II [2600014]. In addition, an interest in quantitative-mathematical modeling is required.

Bibliography

Excerpt:

  • Acemoglu, D. (2008): Introduction to modern economic growth. Princeton University Press, New Jersey.
  • Aghion, P., Howitt, P. (2009): Economics of growth, MIT-Press, Cambridge/MA.
  • Barro, R.J., Sala-I-Martin, X. (2003): Economic Growth. MIT-Press, Cambridge/MA.
  • Sydsaeter, K., Hammond, P. (2008): Essential mathematics for economic analysis. Prentice Hall International, Harlow.
  • Sydsæter, K., Hammond, P., Seierstad, A., Strom, A., (2008): Further Mathematics for Economic Analysis, Second Edition, Pearson Education Limited, Essex.
Content of teaching
  • Basic models of endogenous growth
  • Human capital and economic growth
  • Modelling of technological progress
  • Diversity Models
  • Schumpeterian growth
  • Directional technological progress
  • Diffusion of technologies
Workload

The total workload for this course is approximately 135.0 hours. For further information see German version.

Aim

Students shall be given the ability to understand, analyze and evaluate selected models of endogenous growth theory.

Exam description

The assessment consists of a written exam (60 min) according to Section 4(2), 1 of the examination regulation. The exam takes place in every semester. Re-examinations are offered at every ordinary examination date.

Students will be given the opportunity of writing and presenting a short paper during the lecture time to achieve a bonus on the exam grade. If the mandatory credit point exam is passed, the awarded bonus points will be added to the regular exam points. A deterioration is not possible by definition, and a grade does not necessarily improve, but is very likely to (not every additional point improves the total number of points, since a grade can not become better than 1). The voluntary elaboration of such a paper can not countervail a fail in the exam.