Introduction to theories of economic growth (notably neoclassical growth - Solow), introduction to a model-based empirical assessment of the determinants of economic growth. Application of the models to explain cross-country income differences. Implications of growth theory in practice and for the policymaker.

After taking the course students will be able to understand the basics of economic growth theory and be able to understand them in an empirical (applied) context. Students should also be able to explain the contribution of economic policy conducive to economic growth.

The course carries the ‘Global Mindset’ flag, encouraging intercultural collaboration through activities like presenting term papers with international peers. Students explore the role of culture and institutions in economic development and analyze their contextual impact, engaging in discussions within diverse, international groups.

Personal interaction and interactive discussion are an important cornerstone of this course, thus active participation is necessary. Attendance is expected for (80%) of the sessions. In particular, attendance is necessary for the introductory meeting, the presentations, and at the final exam.

The course is based three parts which can be seen as interlinked.

The first cornerstone is composed of a set of lectures on basics of growth, growth theory and the empirics of growth. This is followed by exercises that students prepare in class. In this part, students apply the theory in a country specific context. In the third part, students prepare and present a term paper.

Final exam (60%), presentation of the term paper (30%) and work in class (10%). For passing the course, achieving 50% is necessary.

After the registration period, students from the waiting list, who do not yet have a valid registration, will be assigned to available places in the specific courses on a first-come-first-served principle.

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Solid background in theoretical concepts of "Grundlagen VW", macroeconomics and applied macroeconomics.

E-Mail: gerhard.reitschuler@wu.ac.at