ABOUT THE COURSE: Why do we observe income disparity across countries? Why do some countries grow faster than others? Why are some countries in a perpetually low growth state? This introductory course tries to bring together the economic models, data and empirical studies that have contributed towards our understanding of the above-mentioned intriguing questions. For each topic, we will rely on data and make cross-country comparisons to match the relevant economic models with real life observations.INTENDED AUDIENCE: Undergraduate students in Economics/Business Economics/Management; Postgraduate students from a non-Economics background/ Any professional who wants to learn more about Economics in general. PREREQUISITES: Knowledge of Class 12 level Mathematics is desired, but it is not a hard pre-requisite.INDUSTRY SUPPORT: All banking enterprises
Overview
Syllabus
Week 1: Introduction
Module 1.1: Why study economic growth
Module 1.2: Placing this course in context of other courses in Economics
Module 1.3: The distinction between short-run fluctuations and the long-run economic growth
Module 1.4: Course objective, course content, and expected learning outcomes
Module 1.5: The stylized facts of economic growth
Week 2:Measuring and comparing economic growth
Module 2.1: GDP at levels versus GDP growth
Module 2.2:Various methods to measure economic growth
Module 2.3: Role of proxy variables in measuring economic growth
Module 2.4:What can we learn from data
Week 3:A framework for analysis
Module 3.1: An introduction to the Solow Growth Model
Module 3.2:Augmented Solow Growth Model
Module 3.3: Policy implications of the Solow Growth Model
Week 4:Convergence, Productivity, and New growth models
Module 4.1: Unconditional and conditional convergence
Module 4.2:Growth accounting
Module 4.3:Development accounting
Module 4.4: Limitations of the Solow Growth Model and the emergence of New Growth models
Module 1.1: Why study economic growth
Module 1.2: Placing this course in context of other courses in Economics
Module 1.3: The distinction between short-run fluctuations and the long-run economic growth
Module 1.4: Course objective, course content, and expected learning outcomes
Module 1.5: The stylized facts of economic growth
Week 2:Measuring and comparing economic growth
Module 2.1: GDP at levels versus GDP growth
Module 2.2:Various methods to measure economic growth
Module 2.3: Role of proxy variables in measuring economic growth
Module 2.4:What can we learn from data
Week 3:A framework for analysis
Module 3.1: An introduction to the Solow Growth Model
Module 3.2:Augmented Solow Growth Model
Module 3.3: Policy implications of the Solow Growth Model
Week 4:Convergence, Productivity, and New growth models
Module 4.1: Unconditional and conditional convergence
Module 4.2:Growth accounting
Module 4.3:Development accounting
Module 4.4: Limitations of the Solow Growth Model and the emergence of New Growth models
Taught by
Prof.Sohini Sahu
