ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | Economic Growth and Innovation | ||
Code | ECON828 | ||
Coordinator |
Professor CA Chu Economics C.H.A.Chu@liverpool.ac.uk |
||
Year | CATS Level | Semester | CATS Value |
Session 2021-22 | Level 7 FHEQ | Second Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
24 |
5 |
29 | ||||
Timetable (if known) | |||||||
Private Study | 121 | ||||||
TOTAL HOURS | 150 |
Assessment |
||||||
EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Mid-term test. There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment schedule: semester 2 | 1 hour | 30 | ||||
Examination. There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment schedule: semester 2 | 2 hours | 50 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
A proposal of research question in the field of Economics Growth. There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment sched | -1500 words | 20 |
Aims |
|
This module will cover selected topics in economic growth and innovation, building on the intermediate macroeconomics curriculum by developing some formal models of economic growth. The module aims to provide students with a firm appreciation of modern developments in the theory of economic growth and of the strengths and limitations of these and older models. Furthermore, the module aims to support students' understanding of a range of more complex influences on growth and students will gain an insight into a range of policy approaches governments might take to improve growth. |
Learning Outcomes |
|
(LO1) Be able to identify and evaluate general equilibrium models of economic growth. |
|
(LO2) Be able to proficiently apply dynamic general equilibrium models of economic growth. |
|
(LO3) Be able to discuss theoretical models of economic growth and their policy implications. |
|
(LO4) Be able to write a proposal for a research question in the field of economic growth. |
|
(S1) Problem solving. |
|
(S2) Numeracy. |
|
(S3) Communication skills. |
|
(S4) International awareness. |
|
(S5) Lifelong learning. |
Teaching and Learning Strategies |
|
Lectures x 24 hours Seminars x 5 hours Self-directed learning x 121 hours |
Syllabus |
|
Solow model (Reading: lecture notes) Ramsey model (Reading: lecture notes) Ramsey model under perfect competition (Reading: lecture notes) Ramsey model under monopolistic competition (Reading: lecture notes) Romer model (Reading: Romer, Journal of Political Economy 1990) Scale effects and Jones model (Reading: Jones, Journal of Political Economy 1995) R&D underinvestment and subsidies (Reading: lecture notes) Schumpeterian model (Reading: Aghion and Howitt, chapter 4) Credit constraints (Reading: Aghion and Howitt, chapter 6) Technology transfer across countries (Reading: Aghion and Howitt, chapter 7) Optional topics: Skill-biased technical change (Reading: Aghion and Howitt, chapter 8) Appropriate institutions and non-convergence trap (Reading: Aghion and Howitt, chapter 11) |
Recommended Texts |
|
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |