ECON4351 ¨C Economic Growth

Course content

The course is about economic growth: why rich countries today are so much richer than they were hundred years ago, and why rich countries today are so much richer than poor countries today. The course aims at providing students with a knowledge and understanding of the economics of growth, at a level such that the students can approach the scientific literature after the course.

Learning outcome

Knowledge:

You should know

• empirical evidence on economic growth
• the neoclassical growth model, the Romer (expanding variety) model, and the Schumpeterian model
• the methods and results from growth accounting
• theories of and evidence on different dimensions of structural change

Skills:

You should be able to

• understand and give an account of the main theories, including the assumptions, the mechanisms and analyses, and the conclusions
• evaluate the theories in light of empirical findings
• apply the methods of the course to applied economic problems

Competence:

You should

• be able to read and understand project reports and journal articles that make use of the concepts and methods that are introduced in the course
• be able to make use of the course content in your own academic work, for example in analyses that are part of the master¡¯s thesis

Admission to the course

Students admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.

Students not admitted to the Master¡¯s programme in Economics or the Master¡¯s programme in Economic Theory and Econometrics (Samfunns?konomisk analyse), can apply for admission to one of our study programmes, or apply for guest student status.

You can not attend this course if you have already passed specific ECON-courses at a higher level.

Formal prerequisite knowledge

You must fulfill one of these prerequisites:

• ECON4310 ¨C Macroeconomic Theory?or equivalent.
• ECON3120 ¨C Mathematics 2: Calculus and Linear Algebra / ECON4120 ¨C Mathematics 2: Calculus and Linear Algebra?or equivalent.

Teaching

Lectures and seminars.

Compulsory tuition activities:

• A compulsory term paper.

The assignment deadline will be specified in Canvas. If you submit your answer to the assignment, but do not pass, you may get another attempt. The new attempt will have a short deadline.

When the compulsory term paper is approved, the result will be registered. The?approved compulsory term paper is valid for 9 semesters, starting with the semester in which it is passed.

See The Faculty of Social Sciences` rules regarding compulsory tuition activities.

Absence from compulsory tuition activities

If you are ill or have another valid reason for being absent from compulsory tuition activities, your absence may be approved or the compulsory activity may be postponed.

• Report absence from or the need for a postponed deadline on a compulsory tuition activity

Course responsible can at the beginning of the semester update the syllabus list by changing no more than three articles, though in a way that it will not change the overall scope or thematic content of the course.

The syllabus also includes any lecture notes that will be made available for the students in Canvas.

Examination

A 3-hour written school exam.

You must have passed the compulsory activities in order to sit for the exam.

Previous exams

Examination support material

Usage of a dictionary during the examination is allowed, subject to prior inspection by SV-info.?See guidelines for further details.

Language of examination

The examination text is given in English. You may submit your response in Norwegian, Swedish, Danish or English.

Grading scale

Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.

Resit an examination

If you are sick or have another valid reason for not attending the regular exam, we offer a postponed exam later in the same semester.

There are restrictions on resitting this exam. See further information about resitting an exam.

More about examinations at UiO

• Use of sources and citations
• Special exam arrangements due to individual needs
• Withdrawal from an exam
• Illness at exams / postponed exams
• Explanation of grades and appeals
• Resitting an exam
• Cheating/attempted cheating

You will find further guides and resources at the web page on examinations at UiO.