Course Overview

The purpose of this two day course is to present an overview of the theory of economic growth, at a Masters / advanced undergraduate level. The main theories are introduced in as intuitive a way as possible, to pinpoint as rigorously as possible which ones withstand empirical scrutiny and why. This is not a theoretical course, but techniques are discussed that help think about the economic growth question in a unified manner, and that motivate the empirical questions in the field. Throughout the class, special attention is being paid to data, and to what empirical research has taught us about the effective determinants of economic growth. The proposed structure leaves plenty of room for group discussions, particularly as regards more recent developments on both empirical and theoretical fronts.

Course Quick Facts Course Facts

Duration

Two Days

Cost

£725 + VAT

Dates

31 October 2019 09:30

Enquire about future dates

Location Location

Various

  • Excellent course. Really strong structure and good use of evidence.

  • Excellent presenter. Knowledgeable and balanced.

  • I’d definitely recommend this course. A very interesting and perfect refresher course. 

  • Excellent! One of the best courses I’ve been on – fully met my aims. 

  • Excellent. I really enjoyed the course. Having two full days gave time to understand the topic deeply and gave the chance to ask questions and discuss. All the content was relevant, interesting and high quality.

Course Details Info

Morning - The Solow Model
Review of the NeoClassical model of growth. The Production Function: the importance of diminishing returns, the existence of a steady state, and how savings, investment and capital accumulation can translate into economic growth.

Afternoon – New Growth Theories
Endogenous growth and non diminishing returns: the importance of Research and Development and education. The possibility of Poverty traps. Models of innovation and creative destruction.

Morning – Total Factor Productivity
A measure of our ignorance: its definition(s), how it is computed and its determinants. A role for regulations, for institutions and for incentives. How to think about the role of institutions in growth?

Afternoon – The Empirics of Economic Growth
What determines GDP growth rates – growth regressions, convergence and catching up.An application to Southeast Asia.What determines GDP levels – TFP, institutions, education. Recent developments in empirical growth.The rise of global inequalities.
Are institutions exogenous?

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