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EGSC is a semester-long course that explores the literature on economic growth from theoretical, empirical and political economy perspectives. The course provides evidence on past trends and current (under)development of countries and scrutinizes key features of the economic development processes and factors behind these differences. The course reviews political economy theories that place attention to the role of formal institutions, such as democracy and autocracy, as major causes of economic development. Structural transformation has become in the last decades a fundamental theory to understand economic growth differences across countries. This course will walk students through the linkages between the theories of economic growth and structural change to understand better the policy implications and factors of sustainable economic development. The course is organized along the following four broad sections: 1) definition and measurement of economic growth, 2) formal institutions, 3) economic convergence and poverty worldwide, 4) structural change. |
