2008/09 Undergraduate Module Catalogue

LUBS3011 Contemporary Issues in Economic Growth

10 creditsClass Size: 60

Module manager: Dr Kausik Chaudhuri
Email: kc@lubs.leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2008/09

Pre-requisites

LUBS2140	Intermediate Microeconomics
LUBS2230	Mathematics for Business and Economics 2
LUBS2570	Introduction to Econometrics
LUBS2610	Intermediate Macroeconomics
LUBS2670	Statistics for Business and Economics 2

This module is approved as an Elective

Module summary

The module combines economic theory with quantitative methods to examine theories of economic growth and economic fluctuations. It introduces students both the theoretical and empirical developments that have taken place in the economic growth field and then examines the role of factors determining the fluctuations in economic activity over time. Economic growth is both fascinating for theorists and critically important to policymakers.THIS MODULE IS NOT AVAILABLE FOR STUDENTS ENROLLED ON THE BSc MATHEMATICS WITH FINANCE PROGRAMME

Objectives

On completion of this module, students should be able to:
Explain various sources and theories of economic growth.
Discuss the issue of convergence and why some countries are richer than others.
Analyse the role of the government and the effectiveness of economic policies in stimulating and sustaining economic growth.
Discuss economic growth and other related macroeconomics issues

Skills outcomes
This module focuses on developing the skills of analysis and critical thinking by challenging students capacity to assimilate knowledge and evaluate differing perspectives. It requires a reasonable level of quantitative skill which is developed thought the module within the framework of the course tests to prepare candidates for the summative examination.

Syllabus

This module intends to introduce the students both the theoretical and empirical developments that have taken place in the economic growth field. The module then examines the role of factors determining the fluctuations in economic activity over time. The module is divided in three parts. The first topic introduces the student to the basic theoretical and empirical concepts and definitions of the growth theory including growth accounting. The second topic extends the analysis to the investigation of the endogenous growth theory and of the effects of technological development and innovation on productivity. The third topic examines the relationship between i) economic growth and inflation, ii) role of institution and economic growth and iii) growth and other development indicators including income distribution.

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	11	2.00	22.00
Private study hours			78.00
Total Contact hours			22.00
Total hours (100hr per 10 credits)			100.00

Private study

2.5 hours reading per lecture for 28 hours; 5 hours per homework assignment for 25 hours; 10 hours study for mock mid-term examination; 15 hours revision for final examination - total 78 hours

Opportunities for Formative Feedback

Five homework assignments during the semester.
A mock mid-term exam.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	2 hr	100.00
Total percentage (Assessment Exams)		100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 20/03/2009

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