Growth and development [ECONB312]

Learning outcomes

At the end of this course, students will be able to diagnose the economic growth of a given economy 1. demonstrate knowledge of the theoretical foundations of economic growth 2. identify the immediate causes of growth in a given economy 1. factor accumulation: physical and human capital 2. factor productivity: efficiency and technology 3. structural change: reallocation of production factors (e.g. labour) between sectors of economic activity 3. identify some of the root causes (or fundamentals) of economic growth in a country given economy 1. geography, climate, ... 2. he quality of institutions 4. explain income and growth inequalities between countries At the end of this course, students will be able to relate growth to other aspects of development (e.g. education, health) Other learning outcomes: 1. understanding the specific issues of the different parties involved (government, donor, civil society/end beneficiaries) in the context of a policy dialogue (e.g. European Commission development aid) 2. build and analyse a macroeconomic time series database to identify sources of growth 3. mobilise documentary resources 4. communicate in French (written, oral, reading), English (reading) and in graphic form

Objectives

This course addresses issues such as: • Why are some countries rich and others poor? • Why do some countries grow faster, and steadily, than others?

Content

Immediate causes of economic growth 1. Deepening of the facts to be explained 2. Accumulation of physical capital 3. Population 4. Human capital accumulation 5. Productivity 6. Explain the di¤erences in productivity 7. Structural Change and Growth Root causes of growth, inequality, poverty 1. Root causes of growth: geography, climate, institutions 2. Other aspects of development: human development and structural aspects 3. Inequality, growth and development