After taking this course you will be able to:



1. compare income per capita between countries correctly

2. understand and test the empirical predictions of the neoclassical growth theory

3. identify the factors explaining differences in income per capita levels and growth rates between countries.

4. understand the role governments play in countries economic growth.

5. understand the effects of cultural, geographical and environmental factors on growth.

6. understand the consequences of growth on income distribution and the environment.

Economic Growth covers the following topics:



1. The facts



2. An analytical framework



3. The physical capital



4. Population growth



5. Trends in population growth



6. Human capital



7. Productivity



8. Technology



9. The cutting edge of technology



10. Efficiency



11. Growth in an open economy



12. The government



13. Income inequality



14. Culture



15. The geography, climate and natural resources



16. Resources and the environment



17. What have we learned?

Lectures, recitations, labs and assignments.

The final grade will be a weighted average of the final exam which will be on-site unless circumstances require otherwise and a set of exercises and homeworks. Those who do not hand in the exercises and homeworks during the course, can do so during the week after the final exam. Those who did the exercises and homeworks during the course and want to get a higher grade can also hand in a revised version of their exercises and/or homeworks during that period.

David N. Weil (2006), “Crecimiento Económico”, 1ª edición en español, Pearson, Addison Wesley
David N. Weil (2016), “Economic Growth”, Third edición, Routledge.

Basic bibliography

José Isidoro García de Paso, Ignacio Valero Perandones, Rafaela Pérez Sánchez y Begoña García Greciano (2016), “Crecimiento Económico: Modelos Teóricos y Ejercicios Resueltos.” Pearson.



Peter Birch Sorensen and Hans Jorgen Whitta-Jacobsen (2008), “Introducción a la Macroeconomía Avanzada. Volumen I: Crecimiento”, McGraw-Hill.



Thorvaldur Gylfason (1999), “Principles of Economic Growth,” Oxford University Press.

In-depth bibliography

Alfonso Novales, Esther Fernández and Jesús Ruíz (2009), “Economic Growth, Theory
and Numerical Solution Methods,” Springer.

Robert J. Barro and Xavier Sala-i-Martin (2004), “Economic Growth”, MIT Press, second edition.

Daron Acemoglu (2009), “Introduction to Modern Economic Growth,” Princeton University Press.

Philippe Aghion and Peter Howitt (2009), “The Economics of Growth”, MIT Press.