NQF credits: 30
Fifth year status‚ second semester‚ two double lectures and one double tut per week.
Course Convenor: A / Professor Justine Burns
ECO5021F Advanced Macroeconomics or equivalent or at the discretion of the Head of Department.
Part I: Growth and Income distribution (MP) The first half addresses key growth mechanisms from a theoretical perspective‚ with particular focus on the interactions between income distribution and growth. We study models of balanced growth (neoclassical one–sector models) and of uneven growth (with poverty traps‚ etc.). In all these‚ we consider the effect of inequality on growth as well as the evolution of income distribution over the process of development. Then‚ we discuss recent models of political economy of development that study the role of institutions as fundamental causes of growth. There‚ we address the role of distributional conflict. Finally‚ we consider empirical evidence on income distribution and growth. Part II: Political Economy of Growth (MS) The second half of the course will discuss some important topics in the empirical literature growth such the role of institutions in economic development‚ trade and growth‚ and the effectiveness of foreign aid. As we will see many of these questions are still open because of the difficulty (impossibility?) of establishing causal relationships in cross country regressions and suffer from serious shortcomings.
DP requirements: None.
Assessment: Assignments‚ tests and examination count for 100%.
Last updated : 15 Jul 2015
Staff Members on this course :
Prof. Justine Burns
Professor and RUBEN Director