363-0552-00L  Economic Growth and Resource Use

SemesterFrühjahrssemester 2019
DozierendeC. Karydas
Periodizitätjährlich wiederkehrende Veranstaltung

KurzbeschreibungThe lecture deals with the economics of natural resources and their effect on economic development.
LernzielStudents will be able to
• Discuss the factors, e.g. institutions, geography, resource availability, that have contributed to economic growth in different countries.
• Describe country-specific growth experiences applying economic modelling.
• Explain the role of non-renewable resources and climate change in sustainable development.
• Interpret the effects of existing policies on economic growth and development through relevant economic models.
InhaltThe 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; the rest 75% will be determined by a written exam.
SkriptLecture Notes of the course will be sent by email to officially subscribed students.
LiteraturThe 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.
Voraussetzungen / BesonderesElementary knowledge of calculus (differentiation - integration) is considered as a prerequisite. Elementary knowledge of economic theory is a plus but not a prerequisite.