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Instructors: Dr. Saeed Khodaverdian
Event type:
Interactive class
Displayed in timetable as:
22-30.103
Hours per week:
3
Credits:
6,0
Language of instruction:
English
Min. | Max. participants:
- | 45
Comments/contents:
This course discusses why some countries are so rich whereas others are so poor. We begin with a review of historical records for the distribution of income across both dimensions: countries and years. This step draws a “first impression” for the factors that (appear to) play an important role for economic success. We briefly review some of the most common tools in econometrics in order to evaluate the first impression. The empirical exploration includes discussions about the “fundamentals” of growth and development as well as a several within-country causes and consequences for the economic outcomes of today. We also pay special attention to regional-specific developments. At the end, we broader our understanding by including aspects of development into our consideration.
Basic knowledge in econometrics is a significant advantage for this course.
Learning objectives:
The course has a number of learning objectives:
- First, it demostrates the distribution of economic success and failure across the countries.
- Second, it provides deep knowledge for the issues that are at work for the pattern of growth and development.
- Third, it introduces the difficulties that are involved in policy-making.
Didactic concept:
Currently, the course is planned to be held in presence at the UHH. That means that we meet in class. The lecturer will present the subjects and students are encouraged to participate in the lecture contributing to a valuable discussion. Material (i.e. lecture notes) will be uploaded to STiNE ahead of time.
If the pandemic situation renders presence lectures impossible, the course will be held online (via ZOOM). In this case, students will be contacted ahead of time with detailed instructions how to enter the virtuell class-room.
Literature:
There is no standard textbook that covers all subjects of the course. However, the following list is helpful for parts of the lectures.
- Economic Growth, 3rd Edition, by David N. Weil, Pearson Addison-Wesley, 2013.
- Economic Development, 12th Edition, by Michael P. Todaro and Stephen C. Smith, Harlow: Person Education 2015.
- Introduction to Modern Economic Growth, by Daron Acemoglu, Princeton University Press, 2009.
- Why Nations Fail: The Origins of Power, Prosperity, and Poverty, by Daron Acemoglu and James A. Robinson, Crown Business, 2012. See also their web blog at: http://whynationsfail.com/summary/
The course syllabus provides further information.
Additional examination information:
We plan a regular exam written in presence at the UHH. ONLY IF WE CHANGE TO ONLINE TEACHING, WE WILL HAVE A TAKE-HOME EXAM.
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