Economics: Economic Growth, Advanced Course

You will gain a deeper understanding of the main theories of economic growth. A first step in growth theory is to describe how people’s choices affect the development of the economy over time. This can involve the choice between consumption and saving or investing. It can also involve the choice between work and education, where the latter generates higher incomes in the future, both for the individual and the country. You will learn how this type of choices affects long-term outcomes. The model you use will serve as a basis for more advanced growth models.

The next step is to deepen your understanding of why innovation, research and development are crucial drivers of growth. Here you will encounter and learn to use two central types of models that give slightly different perspectives on the subject. Together, they offer a solid understanding of the central link between innovation and growth. Both types of models provide a foundation and a framework that can be used to analyse and understand how a number of different factors, economic policy measures and social and institutional conditions may influence growth.

Once you have acquired a solid understanding of the theoretical framework, you will apply this knowledge to analyse the link between growth and areas such as the financial system, technology diffusion, convergence, institutions and the environment.

Course syllabus

The syllabus contains the formal and legal details of the entire course. It’s a legal document outlining the course structure and requirements, intended mainly for administrative use.

Course literature

The course literature listed may be updated up to eight weeks before the course begins.

Teaching consists mainly of lectures. In the first part of the course, you will be introduced to the theories that lay the foundation for understanding growth. In the second part, the focus shifts to showing how you can apply these fundamental theories to analyse various relevant areas.

Assessment consists of a written exam and home assignments. The written exam tests your ability to understand and apply the theories, as well as to reason about growth using the theories, empirical findings and ideas covered in the course. The home assignments test your ability to use the theories for analyses that require more extensive calculations, as well as your ability to use the theories to discuss and reason about growth‑related phenomena.

Entry requirements

Students who have been admitted to the Master Programme in Economics and have taken the course NEKN41 ”Advanced Macroeconomic Analysis” are eligible to take this course. For other students, at least 90 ECTS-credits in economics are required. These must include 30 ECTS-credits at the advanced level, including the course NEKN41 “Advanced Macroeconomic Analysis” or an equivalent course.

Selection criteria

Seats are allocated according to: ECTS (HPAV): 100 %.

Tuition fees for non-EU/EEA citizens

Citizens of countries outside:

• The European Union (EU)
• The European Economic Area (EEA) and
• Switzerland

are required to pay tuition fees. You pay an instalment of the tuition fee in advance of each
semester.

Tuition fees, payments and exemptions

Full programme/course tuition fee: SEK 16,875
First payment: SEK 16,875

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Note that you may also need to pay an application fee, or provide proof of exemption.

Application fee

No tuition fees for citizens of the EU, EEA and Switzerland

There are no tuition fees for citizens of the European Union (EU), the European Economic Area (EEA) and Switzerland.