Economic Growth

Universidad Carlos III de Madrid

Course Description

  • Course Name

    Economic Growth

  • Host University

    Universidad Carlos III de Madrid

  • Location

    Madrid, Spain

  • Area of Study

    Business, Business Administration, Economics, International Business, International Economics

  • Language Level

    Taught In English

  • Prerequisites

    STUDENTS ARE EXPECTED TO HAVE COMPLETED
    Macro I and II

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    6
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    COMPETENCES AND SKILLS THAT WILL BE ACQUIRED AND LEARNING RESULTS.
    The objective of this course is that students learn the main theories of growth and the most important
    stylized facts of Western economies
    At the end of the course the student will be able to.
    1. Identify the main stylized facts of growth.
    2. To understand the importance of capital accumulation in growth.
    3. Id of human capital.
    4. To understand the effects of economic policies; transitory or permanent?
    5. To understand the effects of institutions on growth.
    With respects of the skills adquired we will clasify them in two: generic or specific.
    Generic
    1. To present a paper of a leading researcher in this topic.
    2. To discuss the papers presented by others.
    DESCRIPTION OF CONTENTS: PROGRAMME
    1. Stylized facts of growth.
    2. Growth accounting
    3. Harrod-Domar model
    4. Solow model. Observed facts on differences of per capita GDP and the Solow model.
    5. The role of human capital, education and R&D.
    LEARNING ACTIVITIES AND METHODOLOGY
    Classes are divided into Theory classes (in which the main topics of the program are explained), exercise classes
    and presentations of students.
    ASSESSMENT SYSTEM
    At the end of the theory part there will be a mid term exam.
    The final exam in February will be about the theory part.
    Final grade will be as follows
    If the student did not pass at least one of the theory exams, her grade will the the maximum obtained in the two
    exams. If he passed, the grade will be computed as follows: 40% will be the grade obtained in the theory part. 40%
    will be the grade obtained in the presentation. 20% will be attendance to presentations or to the invited talks. Each
    student will sign a sheet at the beginning of the presentation. Each signature will count 0´2 points.
    In the September extraordinary exam the grade will be the one obtained in this exam.
    % end-of-term-examination: 40
    % of continuous assessment (assigments, laboratory, practicals?): 60
    BASIC BIBLIOGRAPHY
    - C. I. Jones (2000): Introduction to Economic Growth,, Prentice Hall. Prentice Hall (Bib: S 330.35 JON).

Course Disclaimer

Please note that there are no beginning level Spanish courses offered in this program.

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.