Economic Growth and Development

2021/2022

Учебный год

ENG

Обучение ведется на английском языке

3

Кредиты

Кто читает:

Департамент прикладной экономики

Статус:

Курс по выбору

Когда читается:

3-й курс, 3 модуль

Преподаватель

Бесстремянная Галина Евгеньевна

Course Syllabus

Abstract

The course outlines major economic policies associated with fostering economic growth and incentivizing various structural changes of the economy. The course uniquely focuses both on the issues of the catch-up growth by middle/low income countries and on the current economic concerns of the high-income countries. The latter include the development of the technology economy, the decrease of inequality across individuals and companies, stimuli for R&D investment and protection of intellectual property rights, promotion of energy efficiency and the use of environmentally friendly technologies. The course focuses on the macro and micro-level analysis of economic growth and draws upon the experience of the US, EU, Japan and the BRICS countries. Prerequisites: Introductory macroeconomics (grade 7 and above desirable), Introductory econometrics (grade 7 and above desirable). The course may be viewed as a good companion to electives: Time series, Dynamic panel data, Economics of innovation, Institutional economics.

Learning Objectives

• The purpose of the course is to focus on the key issues related to fostering economic growth. The students will learn the recent approaches to modeling economic growth and technological change, the methods of applied economic analysis of the policy changes in various countries, the examples of policy interventions and the determinants of their success, the causes and consequences of poverty and inequality, the adverse effects of growth on consumer welfare owing to environmental pollution. A special attention will be given to the development of the research and analytical skills: a critical review of the existing literature, the understanding of theoretical and empirical techniques, work with empirical data in order to analyze econometric specifications coming from the theoretical models. Prerequisites: Introductory macroeconomics (grade 7 and above desirable), Introductory econometrics (grade 7 and above desirable). The course may be viewed as a good companion to electives: Time series, Dynamic panel data, Economics of innovation, Institutional economics.

Course Contents

• Wealth of nations and quality ladder
• Heteregeneity in economic growth
• Management and total factor productivity
• Why attend schools and universities
• Estimating time profiles of technological change and returns to education using the macro and micro data
• Revising the hypothesis about exogenous growth and convergence of countries to similar economic standards
• Washington consensus, growth and inflation
• Empirical evaluation of the country’s growth and its time profile
• Simon Kuznets and two curves
• Russian economy
• Russian economy, oil and natural resources
• Flying-geeze approach
• Silicon valleys in the US and across the world

Assessment Elements

• Final essay and its presentation
  Late work ( final essay) is discounted at 50%.
• Mid-term test
  Midterm is an open book 40 minute test
• Class/sections participation
• Final test
  an open book 1 hour 20 minute test

Interim Assessment

• 2021/2022 3rd module
  0.3 * Final test + 0.1 * Mid-term test + 0.2 * Class/sections participation + 0.4 * Final essay and its presentation

Bibliography

Recommended Core Bibliography

• Empirical development economics, Soderbom, M., 2015

Recommended Additional Bibliography

• Development economics, Ray, D., 1998

Presentation

• – Economic Growth and Development_syllabus

Authors

• BESSTREMYANNAYA GALINA EVGENEVNA