ECON2915 – Economic Growth
Schedule, syllabus and examination date
Why are differences in standards of living among countries so large? What are the Sources behind economic Growth? Does Growth lead to convergence or divergence in Incomes across countries? These are some of the main questions covered in this course.
We will examine physical, human capital and population Growth and explore the degree to which Income variation among countries can be explained by variations in factor accumulation. Furthermore, we will explore the role of Productivity in explaining cross-country differences in the level of income.
The last part of the course will analyze how openness to the world economy affects the efficiency with which the economy operates. We explore three main questions.
- First, how does openness and globalization impact a country’s economic growth?
- Second, what are the particular channels through which openness affects growth?
- Third, why are there potentially both winners and losers from economic openness?
You learn economic models of long-run economic growth, what they explain, and the driving forces of structural changes in the economy over time. You learn how economic openness affects economic growth through sectoral reallocation in the economy.
You should be able to apply growth models to analyze questions about economic development and income differences. You should be able to use general equilibrium models to explore how openness affects income and specialization.
You should be able to
(i) read and understand project reports and journal articles that make use of the concepts and methods that are introduced in the course, and
(ii) be able to make use of the course content in your own professional and academic work.
Students at UiO must apply for courses in Studentweb.
If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures.
You can not attend this course if you have already passed specific ECON-courses at a higher level.
Formal prerequisite knowledge
- ECON1210 - Forbruker, bedrift og marked
- ECON1310 - Økonomisk aktivitet og økonomisk politikk
- ECON1100 – Matematikk I, ECON2220 – Mikroøkonomi 2 or ECON2200 – Matematikk 1/Mikro 1 (MM1) (discontinued)
5 credits overlap with ECON2610 – Welfare and trade
Lectures: 2 hours per week throughout the semester.
Seminars: 2 hours per week through parts of the semester.
Compulsory tuition activities:
- A compulsory term paper.
If the compulsory term paper is not approved, you may be given a second attempt to hand in a new term paper/improve the term paper within a short deadline.
Absence from compulsory tuition activities
If you are ill or have another valid reason for being absent from compulsory tuition activities, your absence may be approved or the compulsory activity may be postponed.
Access to teaching
If your assignment is approved, this will be registered by the administration. You don’t have to resubmit the assignment if you wish to retake an exam.
A 3-hour written school exam.
You must have passed the mandatory tuition activities in order to sit for the exam. You register for the exam in StudentWeb. If you have problems signing up for the exam, please contact SV-info: firstname.lastname@example.org.
Use of sources and citation
Examination support material
Students may use dictionaries at this exam. Dictionaries must be handed in before the examination. Please read regulations for dictionaries permitted at the examination.
Language of examination
The examination text is given in English.You may submit your response in Norwegian, Swedish, Danish or English.
Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.
Explanations and appeals
Ask for explanation of your grade in this course
Resit an examination
If you are sick or have another valid reason for not attending the regular exam, we offer a postponed exam later in the same semester.
There are restrictions on resitting this exam. See further information about resitting an exam.
Withdrawal from an examination
It is possible to take the exam up to 3 times. If you withdraw from the exam after the deadline or during the exam, this will be counted as an examination attempt.
Special examination arrangements
Application form, deadline and requirements for special examination arrangements.
The course is subject to continuous evaluation. At regular intervals we also ask students to participate in a more comprehensive evaluation.