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2019/20 Undergraduate Module Catalogue

LUBS3011 Contemporary Issues in Economic Growth

10 creditsClass Size: 98

Module manager: Suman Seth
Email: S.Seth@leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2019/20

Pre-requisite qualifications

LUBS2230 Mathematics for Business and Economics 2
OR
MATH2640 Introduction to Optimisation

This module is not approved as a discovery module

Module summary

This module introduces you to the theoretical and empirical developments that have taken place in the economic growth field and examines the role of factors determining the fluctuations in economic growth over time. The module is divided in three parts. The first topic introduces the basic theoretical and empirical concepts and definitions of the growth theory including growth accounting and role of institutions explaining growth. The second topic extends the analysis using a micro-economic foundation and introduces the endogenous growth theory. The third topic examines the relationship economic growth and various macroeconomic factors including income distribution.

Objectives

This module aims to introduce students to a range of contemporary issues in economic growth emphasising the role of institutions It develops skills of analysis and critical thinking by challenging students’ capacity to assimilate knowledge and evaluate differing perspectives. It addresses the current empirical reality, theory, concepts, current governance and policy problems of economic growth.

Learning outcomes
Upon completion of this module students will be able to:
- Interpret and explain various sources and theories of economic growth
- Outline and 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
- Outline and discuss economic growth and other related macroeconomics issues
- Explore the complex relationship between institutions and growth, human development and growth

Skills outcomes
Upon completion of this module, students will be able to:
Transferable
- Abstract information, master new concepts and solve problems
- Work with new concepts, reason logically and work analytically in a context of generality

Subject specific
- Select and apply appropriate mathematical, and statistical techniques to analyse issues in economic growth

Syllabus

Indicative content:

Part 1 - Introduction to the course, Facts of Economic Growth, Basic Solow Model and Role of Technology, Growth Accounting, Convergence Debate
Part 2 - Role of Institutions and Growth
Part 3 - Beyond Solow Model: OLG Model Role of Government in the OLG Model
Part 4 - Endogenous Growth Models: the AK Model, Ideas and Growth, Growth and its Impact

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

- Seven 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

The resit for this module will be 100% by 2 hour examination.

Reading list

The reading list is available from the Library website

Last updated: 08/08/2019

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