First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Economics and Political Science
Course unit
EPP3050753, A.A. 2017/18

Information concerning the students who enrolled in A.Y. 2016/17

Information on the course unit
Degree course Second cycle degree in
SP1424, Degree course structure A.Y. 2014/15, A.Y. 2017/18
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Number of ECTS credits allocated 9.0
Type of assessment Mark
Course unit English denomination THEORY OF ECONOMIC GROWTH
Department of reference Department of Economics and Management
Mandatory attendance No
Language of instruction English
Single Course unit The Course unit CANNOT be attended under the option Single Course unit attendance
Optional Course unit The Course unit can be chosen as Optional Course unit

Teacher in charge ARRIGO OPOCHER SECS-P/01

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Core courses SECS-P/01 Political Economy 9.0

Mode of delivery (when and how)
Period First semester
Year 2nd Year
Teaching method frontal

Organisation of didactics
Type of hours Credits Hours of
Hours of
Individual study
Lecture 9.0 63 162.0 No turn

Start of activities 02/10/2017
End of activities 19/01/2018

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.
Target skills and knowledge: Students will learn the analytical details of various models of economic growth and to assess their explanatory power. Also, they learn to apply theoretical knowledge to a number of topics of present-day interest and to some questions posed by the empirics of economic growth in advanced economies.
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).
Assessment criteria: The assessment will evaluate the completeness and precision of the student's understanding of the models and topics of the course and their degree of autonomy in applying and discussing them. Due account will be taken of complience with the assignments during the course.
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?)
Planned learning activities and teaching methods: The course consists in 63 lecture hours (in English), with the aid of slides that the students can download from the elearning Platform 'Moodle'. The attending students are requested to do a series of assignments (elaborations of empirical data, short comments on academic articles, ...) using the Moodle platform.
Additional notes about suggested reading: The reference textbook is: Daron Acemoglu, Introduction to Modern Economic Growth, Princeton University Press, 2009 (ebook edition)); other materials (academic articles, reports, statistical evidence) will be made available in the Moodle platform. A complete list of readings is given at the beginning of the course.
Textbooks (and optional supplementary readings)
  • Daron Acemoglu, Introduction to Modern Economic Growth. Princeton: Princeton University Press, 2009. ebook edition Cerca nel catalogo