Economic Growth ECON8050  - Details

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Offered By: School of Economics
Academic Career: Graduate Coursework
Course Subject: Economics
Offered in: ECON8050 will not be offered in 2008
Unit Value: 6 units
Course Description:

This course explores theoretical developments in the analysis of economic growth and introduces current debates on evidence and policy relevant to the growth performance of both developed and developing economies. The course is structured around a series of key papers from journals. The theoretical material is reinforced by tutorial exercises that require students to understand and interpret the mathematics and economics of the growth models.

Indicative Assessment:

Tutorial assignments (best 4 / 5) 20 %

1 Essay (3-4,000 words) 20 %

Final Exam 60 %

Course Classification(s): AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs.
Areas of Interest: Economics
Eligibility: An honours degree in Economics with H2A or higher, or completion of a Graduate Diploma in Economics with an exit grade of Merit or better
Assumed Knowledge and
Required Skills:
  1. • The standard neo-classical growth model with exogenous investment (Solow-Swan) and with optimal investment (Ramsey).
  2. • Differential equations and principles of static and dynamic optimisation (e.g. Barro and Sala-i-Martin, Economic Growth, Appendix on Mathematical Methods).
  3. Potential students who are not familiar with these topics must discuss with the lecturer their suitability for this course.

Requisite Statement:

Economics IV or Macroeconomic Theory (ECON 8022)

Prescribed Texts: See Course Outline:  http://teaching.fec.anu.edu.au/ECON8050/ECON8050.pdf
Preliminary Reading: See Course Outline:  http://teaching.fec.anu.edu.au/ECON8050/ECON8050.pdf
Indicative Reading List: See Course Outline:  http://teaching.fec.anu.edu.au/ECON8050/ECON8050.pdf
Programs: Master of Applied Economics, Master of Economics of Development, Master of Applied Economics, Graduate Diploma in Economics, Graduate Diploma in Applied Economics, Graduate Diploma in Economic Policy, Master of Economics, Master of Economic Policy, Master of International Trade and Economic Relations, and Master of Environmental and Resource Economics
Other Information:

For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8050

Academic Contact: See http://teaching.fec.anu.edu.au/ECON8050/ECON8050.pdf