Economic Growth and Development (ILV)

Course numberM4.05170.33.201
Course codeEcGr&Dev
Semester of degree program Semester 3
Mode of delivery Presencecourse
ECTS credits3,0
Language of instruction English

The goal of the course is to familiarize students with both the theoretical basis and the empirical facts for understanding global and regional differences in economic growth and development.
In addition, the course will improve the ability of the students to apply economic theories and models to issues of less developed and especially of transition countries.

Basic knowledge of microeconomics and macroeconomics is crucial

This course will provide an introductory overview of modern theories of economic growth, development and transition and of the empirical applications of such theories. Theoretical topics include the neoclassical growth model, new growth theory and the role of economic institutions and government policy in facilitating growth. This course will examine the factors that affect long-term economic growth, development and transition.
The empirical part of the course focuses on Central- and South-East European Countries. There will be case studies on selected issues of these countries.
Specifically, the contents of this course include:
- Economic Growth, Development and Transition: Theory and Empirical Patterns
- Political Economy of Transition
- Structural Change
- Development and Human Welfare
- Sustainable Development
- The Role of Population and Labor
- The Role of Education, Health, and Nutrition Role
- Capital, Saving, and Private Foreign Capital Flows
- Trade and Development
- Fiscal Policy
- Agriculture and Industry

Gillis, M./Perkins, D.H./Radelet, S./Lindauer, D.L. (2006). Economics of Development. New York: Norton & Company.

Krugman, P./Obstfeld, M./Melitz, M. (2012). International Economics: Theory and Policy. Upper Saddle River, NJ: Pearson.

Weil, D. (2009). Economic Growth. Upper Saddle River, NJ: Pearson.

Case study discussions on selected CEE Countries

Group case study
Contribution to class discussion
Optional written or oral Exam
Scientific paper