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| Semester | spring semester 2023 |
| Course frequency | Every spring sem. |
| Lecturers | Robert Stelter (robert.stelter@unibas.ch, Assessor) |
| Content | Western economies experienced permanent economic growth over the course of the twentieth century. A set of stylized empirical facts on economic indicators, like growth rate, saving rates or income shares characterizes these economies. This lecture series introduces economic models that aim to explain these empirical facts. The lecture starts with a simple model with exogenous saving rates. Then, we step-wise introduce endogenous savings and discuss the role of different production technologies. In the discussion of the assumptions and mechanisms that are required to fit the empirical facts, we will quantify the theoretical frameworks. |
| 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 enrol in MOnA. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| wöchentlich | Monday | 08.15-10.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Modules |
Modul: Specific Electives in Economics (Master's Studies: Business and Economics) Module: Electives (Master's Studies: Business and Economics (Start of studies before 01.08.2021)) 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. Written exam: 07.06.23; 10:15-11:45. WWZ Audi: A-Z. You can still withdraw from the examination by submitting a completed, signed form to our office from 21.03.23 until 31.03.23 / 12:00 o’clock. The deregistration form and the mail address can be found on the homepage of the Dean of Studies Office: https://wwz.unibas.ch/en/studies/examinations/de-/registration-of-examinations/ Prior to 20.03.23, please deregister only in the Online Services. The examination rooms will be published by 26.5.23 |
| 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 |