363-0552-00L  Economic Growth and Resource Use

SemesterSpring Semester 2018
LecturersC. Karydas
Periodicityyearly recurring course
Language of instructionEnglish


AbstractThe lecture deals with the economics of natural resources and their effect on economic development.
ObjectiveThe course provides fundamental knowledge on the economics of natural resources and their connection to economic growth and sustainable development. Students will be given a historical overview of the main issues surrounding natural resources and economic development; from the Malthusian stagnation of income per capita to the contemporary problem of climate change.
ContentThe course provides fundamental knowledge on the economics of natural resources and their connection to economic growth and sustainable development. Students will be given a historical overview of the main issues surrounding natural resources and economic development; from the Malthusian stagnation of income per capita to the contemporary problem of climate change. Topics covered:

i) Fundamentals on the economics of natural resources
ii) Land and economic growth in the long-run
iii) Non-renewable resources and growth
iv) Resource curse and Dutch disease
v) Climate change and economic growth

There will be 3 exercise sessions accounting for 25% of the final grade.
Lecture notesLecture Notes of the course will be sent by email to officially subscribed students.
LiteratureThe main reference of the course is the set of lecture notes; students will also be encouraged to read some influential academic articles dealing with the issues under study.
Prerequisites / NoticeElementary knowledge of calculus (differentiation - integration) is considered as a prerequisite. Elementary knowledge of economic theory is a plus but not a prerequisite.