18 July 2014
Economics and International Relations
Three hundred years ago, most of human society was caught in a Malthusian trap. Income was low, income differences across societies were relatively small, and life was “nasty, brutish and short”. Since then, modern economic growth has lifted some economies out of abject poverty and propelled them on a path of persistently increasing incomes so that now incomes in the richest economies are higher than those in the poorest economies by a factor of 50! Why are standards of living growing so much faster in some countries than in others? How do economic policies influence economic growth and development? This course will provide an overview of the most prevalent findings in the literature on economic growth. Specifically, we will discuss the (neo)classical theories of growth, the theory of institutions and growth, but also unified growth theory.
Beyond pure economic growth, we will discuss several aspects related to the economic and social development of societies, such as corruption, inequality, and child labor. Many times, the common opinion on these issues misses important aspects and well-intended policies can turn out to hurt the very people they are intended to help. This course tries to provide a better understanding of these phenomena in the context of developing societies, but also related to the so-called developed world.
reading list Glomm
reading list Jetter
Dr. Gerhard Glomm Indiana University Bloomington
Dr. Michael Jetter Universidad EAFIT Medellín
Basic Calculus and Algebra
Students can obtain up to 6 ECTS credits for preparation (see reading list), active participation and passing of the final test.
EUR 980: The norma participation fee is 980 EUR
EUR 500: Students coming from partner universities pay 50o EUR