Introduction to central approaches to growth theory (Solow model, endogenous growth model, semi-endogenous growth model). Application of the theoretical models to answer questions such as

• Why are some countries poor and others rich?
• How much of cross-country income differences can be explained by physical capital accumulation, human capital accumulation, technological progress, and efficiency?
• Why do countries converge and when does convergence fail?

After taking the course students will be able to understand the Basics of theoretical approaches to economic growth (neoclassical growth theory, endogenous growth theory, semi-endogenous growth theory) and apply them in context.

Attendance in the lectures that are in presence is compulsory. Two missed units are tolerated (communication not necessary). More than two missed units: only if the reason is serious and communicated to the lecturer before the unit starts.

After the Registration period, students from the waiting list, who don't yet have a valid Registration, will be assigned to available places in the specific courses. This allotment is not based on a first-come first-served principle. Rather, Progress in the studies will be the decisive criterion.

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