363-0562-01L Economics of Innovation and Growth
| Semester | Autumn Semester 2018 |
| Lecturers | M.‑C. Riekhof, H. Gersbach |
| Periodicity | yearly recurring course |
| Language of instruction | English |
Courses
| Number | Title | Hours | Lecturers | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 363-0562-01 G | Economics of Innovation and Growth | 2 hrs |
| M.‑C. Riekhof, H. Gersbach |
Catalogue data
| Abstract | Overview how the world has developed. Understanding the role of innovation and institutions for economic growth. Discussion of policies to foster innovation and growth. |
| Learning objective | There are three goals of the lecture. First, understanding how the world has developed over the last centuries and the proximate and fundamental causes of economic growth. Second, understanding and applying the basic models of economic growth. Third, discussion of policies to foster innovation and growth to reduce the large wealth differences in the world. |
| Content | 1. Introduction 2. Neoclassical Growth Theory 3. Innovations and Growth (New Growth Theory) 4. Growth Policy and Fundamental Causes for Growth |
| Lecture notes | The transparencies used in the lectures will be distributed to the participants. |
| Literature | Core literature: 1.Acemoglu, D. (2009): Introduction to Modern Economic Growth. Princeton University Press, Cambridge MA. 2. Barro, R.J. and X. Sala-i-Martin (2004): Economic Growth. MIT Press. 3. Aghion P. and P. Howitt (1998): Endogenous Growth Theory. MIT Press. 4. Aghion P. and S. Durlauf (eds. 2005): Handbook of Economic Growth. Elsevier, chapter 6. Additional literature: 6. Romer, D. (2001): Advanced Macroeconomics. McGraw-Hill, chapters 1 and 3. 5. Bretschger, L. (1999): Growth Theory and Sustainable Development. Edward Elgar. 7. Romer, P. (1990): Endogenous Technological Change, Journal of Political Economy, Vol. 98(5). 8. Aghion, P. and P. Howitt (1992):A Model of Endogenous Growth through Creative Destruction. Econometrica, Vol. 60(2). 9. Lucas, R. (1988): On the Mechanics of Economic Development, Journal of Monetary Economics, Vol. 22. 10. Rebelo, S. (1991): Long-Run Policy Analysis and Long-Run Growth. Journal of Political Economy, Vol. 99(3). 11. Piketty, T. (2014): Capital in the Tewnty-First Century. Harvard University Press, Cambridge, MA. |
Performance assessment
| Performance assessment information (valid until the course unit is held again) | |
Performance assessment as a semester course | |
| ECTS credits | 3 credits |
| Examiners | M.-C. Riekhof, H. Gersbach |
| Type | session examination |
| Language of examination | English |
| Repetition | The performance assessment is only offered in the session after the course unit. Repetition only possible after re-enrolling. |
| Mode of examination | written 90 minutes |
| Written aids | keine. |
| This information can be updated until the beginning of the semester; information on the examination timetable is binding. | |
Learning materials
| No public learning materials available. | |
| Only public learning materials are listed. |
Groups
| No information on groups available. |
Restrictions
| There are no additional restrictions for the registration. |
Offered in
| Programme | Section | Type | |
|---|---|---|---|
| Management, Technology and Economics Master | Elective Courses | W |  |