2024/25 Undergraduate Module Catalogue
LUBS3011 Contemporary Issues in Economic Growth
10 creditsClass Size: 100
Module manager: Gaston Yalonetzky
Email: G.Yalonetzky@leeds.ac.uk
Taught: Semester 2 (Jan to Jun) View Timetable
Year running 2024/25
Pre-requisite qualifications
LUBS2230 Mathematics for Business and Economics 2OR
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
Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.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 websiteLast updated: 16/08/2024
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