THEORY OF ECONOMIC GROWTH

Second cycle degree in ECONOMIA INTERNAZIONALE (discontinued)

Campus: PADOVA

Language: English

Teaching period: First Semester

Lecturer: ARRIGO OPOCHER

Number of ECTS credits allocated: 9


Syllabus
Prerequisites: The course requires a good training in microeconomics and in long-run macroeconomics, as well as a good mastering of differential calculus and the fundamentals of linear algebra. It also requires an adequate proficiency in written and spoken English.
Examination methods: Depending on the number of students, the exam consists in a combination of:
a) the elaboration in itinere of short papers or excercises in which the students will apply the models discussed during the course;
b) the elaboration of a final paper concerning the coordination of notions acquired during the course;
c) a written examination;
d) an oral discussion of a) and b).
Course unit contents: I) Models of economic growth (The role of demand: neo-Keynesian models; The role of time preference, technology and population growth: neoclassical models; The role of education and human capital: endogenous growth models; The role of innovation and creative destruction: neo-Schumpeterian models; Multisectoral models and structural change)

II) Topics relating to growth theory (GDP growth and the many dimensions of economic well-being; Economic growth and the environment; Economic growth and inequality; Fluctuations in actual growth and potential growth)

III) Empirics of growth (The engines of growth in Europe in a secular perspective; The current slow-down in economic growth and the 'secular stagnation' hypothesis; Why do the US grow faster than the EU?)