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67962-01 - Lecture: Long-run Macroeconomics: Growth Theories (3 CP)
| Semester | spring semester 2025 |
| Course frequency | Every spring sem. |
| Lecturers | Robert Stelter (robert.stelter@unibas.ch, Assessor) |
| Content | Western economies have experienced sustained economic growth over the course of the twentieth century. These economies are characterised by a number of stylised empirical facts on economic indicators such as growth rates, saving rates or income shares. This lecture series introduces economic models that aim to explain these empirical facts. The lecture starts with a simple model with exogenous saving rates. We then gradually introduce endogenous savings and discuss the role of different production technologies. By discussing the assumptions and mechanisms needed to fit the empirical facts, we will quantify the theoretical framework. The lecture takes up and consolidates some of the content of 65943 "Advanced Macroeconomics" from a long-run perspective. |
| Learning objectives | 1. Introduction to (neoclassical) growth theories, 2. Basics skills in continuous time dynamical general equilibrium models, 3. Numerical applications. |
| Bibliography | Acemoglu, D. (2009). Introduction to Modern Economic Growth. Princeton University Press: Princeton. Aghion, P., & Howitt, P. W. (2008). The economics of growth. MIT press. Barro, R., & Sala-i-Martin, X. (2004). Economic growth. Second edition. Cambridge MA.: The MIT Press. Weil, D. N. (2013). Economic Growth. Third revised edition. Pearson/Addison Wesley, Boston et al. |
| Comments | The course will be taught "in class". |
| Weblink | Weblink |
| Admission requirements | Bachelor degree in economics (or an equivalent degree), good command English |
| Course application | Registration: Please enroll in the Online Services (services.unibas.ch); Eucor-Students and mobility students of other Swiss Universities or the FHNW first have to register at the University of Basel BEFORE the start of the course and receive their login data by post (e-mail address of the University of Basel). Processing time up to a week! Detailed information can be found here: https://www.unibas.ch/de/Studium/Mobilitaet.html After successful registration you can enroll for the course in the Online Services (services.unibas.ch). Applies to everyone: Enrolment = Registration for the course and the exam! |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Course auditors welcome |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| wöchentlich | Monday | 08.15-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
Dates
| Date | Time | Room |
|---|---|---|
| Monday 24.02.2025 | 08.15-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Monday 03.03.2025 | 08.15-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Monday 03.03.2025 | 12.15-14.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S16 HG.39 |
| Monday 10.03.2025 | 08.15-12.00 | Fasnachstferien |
| Monday 17.03.2025 | 08.15-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Monday 17.03.2025 | 12.15-14.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S16 HG.39 |
| Monday 24.03.2025 | 08.15-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Monday 31.03.2025 | 08.15-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Monday 07.04.2025 | 08.15-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Modules |
Module: Specific Electives in Economics (Master's Studies: Business and Economics) Module: Specific Electives in International Business, Trade and the Environment (Master's Studies: Business and Economics) |
| Assessment format | record of achievement |
| Assessment details | Assignments and final Examination. Date of the written exam: tbd Late deregistration is not possible for this course. If you do not wish to take part in the exam, please cancel your registration within the registration deadline. |
| Assessment registration/deregistration | Reg.: course registration, dereg: cancel course registration |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |