363-0552-00L Economic Growth and Resource Use
| Semester | Spring Semester 2019 |
| Lecturers | C. Karydas |
| Periodicity | yearly recurring course |
| Language of instruction | English |
| Abstract | The lecture deals with the economics of natural resources and their effect on economic development. |
| Objective | Students 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. |
| Content | The 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. |
| Lecture notes | Lecture Notes of the course will be sent by email to officially subscribed students. |
| Literature | The 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 / Notice | Elementary knowledge of calculus (differentiation - integration) is considered as a prerequisite. Elementary knowledge of economic theory is a plus but not a prerequisite. |