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SYLLABUS

Macroeconomics with Growth , 7,5 ECTS Credits

COURSE CATEGORY   Civilekonomprogrammet samt i Internationella civilekonomprogrammet och fristående kurs MAIN FIELD OF STUDY   Economics - NA1 SUBJECT AREA   Economics   COURSE CODE   730A11

AIM OF THE COURSE

On completion of the course, the student should be able to: - account for and by means of mathematical analysis methods derive relationships in central parts of the macroeconomic theory of growth. - analyse questions regarding economic growth by means of these theories on a theoretical level.

CONTENTS

The following is covered in the course: - Basic assumptions, derivations and concepts within economic growth theory. Savings, investments, capital, manpower, effectiveness of labour, steady state, saddle path and dynamic efficiency and inefficiency. - Economic growth in the Solow model, in which savings, population and level of technology are exogenously determined. - Economical growth in models where the size of the capital stock is determined by utility maximising households that distribute income between savings and consumption. Studied here are models in continuous time (Ramsey models), as well as so called overlapping generations models (also known as Diamond models), where the time is discrete. - Endogenic growth models and how investments to stimulate increased research and education affect the development of the economy. - How the level and the changes to the stock of social capital can affect the economic growth.

TEACHING

The course contains lectures. In addition to this, the student should study independently.

EXAMINATION

The course is completed with a written examination. Furthermore, 1 or 2 degree projects should be submitted during the course. Detailed information can be found in the study guide or on the course website. Students failing an exam covering either the entire course or part of the course two times are entitled to have a new examiner appointed for the reexamination. Students who have passed an examination may not retake it in order to improve their grades.

ADMISSION REQUIREMENTS

Completed Economics, basic course, 30 HE credits, Economics, continuation course, 30 HE credits, and Economics, in-depth course, 30 HE credits with at least 60 HE credits approved, or the equivalent. In addition to the above, documented knowledge in Swedish and English is required, equivalent to the general entry requirements for first-cycle studies.

GRADING

A grade of Pass with Credit, Pass or Fail is given for the course

CERTIFICATE

Course certificate is issued by the Faculty Board on request. The Department provides a special form which should be submitted to the Student Affairs Division.

COURSE LITERATURE

The course literature is decided upon by the department in question.

OTHER INFORMATION

Planning and implementation of a course must take its starting point in the wording of the syllabus. The course evaluation included in each course must therefore take up the question how well the course agrees with the syllabus. The course is carried out in such a way that both men´s and women´s experience and knowledge is made visible and developed.

Macroeconomics with Growth Makroekonomi med inriktning mot tillväxtteori   Department responsible for the course or equivalent: IEI - Department of Management and Engineering             Registrar No: 2009-00594 och 2009-00955   Course Code: 730A11           Exam codes: see Local Computer System       Subject/Subject Area : Economics - NA1                       Level   Education level     Subject Area Code   Field of Education   A1X   Advanced level     NA1   SA   The syllabus was approved by the Board of Faculty of Arts and Science 2010-11-23 Latest revision 2011-11-18