ledev2132  2019-2020  Louvain-la-Neuve

Note from June 29, 2020
Although we do not yet know how long the social distancing related to the Covid-19 pandemic will last, and regardless of the changes that had to be made in the evaluation of the June 2020 session in relation to what is provided for in this learning unit description, new learnig unit evaluation methods may still be adopted by the teachers; details of these methods have been - or will be - communicated to the students by the teachers, as soon as possible.
4 credits
30.0 h
Q1
Teacher(s)
De la Croix David;
Language
French
Content
The course addresses the question of economic development and growth from two angles: the temporal dimension which analyzes the takeoff and the growth of developed countries during the last centuries; the cross section dimension which focuses on the existing differential development between rich and poor countries. In a first step we will consider a series of data relating to development on long period, as well as other aspects of the development process. A second step is devoted to analysis of development mechanisms, including the model of stagnation - the Malthusian model, the model of growth of Solow model, the endogenous growth with human capital, and the unified growth theory. In a third and final stage, we detail a series of factors considered important for growth: savings, technical progress, education, institutions.
Teaching methods
Ex catedra teaching, exercices et applications.
Evaluation methods
Written exam aimed at evaluating the understanding by students of the economic mechanisms seen in class
Bibliography
I. Morris, Why the West Rules – For Now, Farrar, Straus and Giroux, 2010
Williamson, Macroeconomics, chapitre 7-8, Pearson, 2018
O. Galor, Unified Growth Theory, Princeton, 2015
W. Easterly, The Elusive Quest for Growth, Economists' Adventures and Misadventures in the Tropics, MIT Press, 2002
A. Maddison, The World Economy, A millennial perspective, OECD, 2001
G. Clark, A Farewell to Alms, Princeton University Press, 2007
Faculty or entity
ECON


Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Sigle
Credits
Prerequisites
Aims
Master de spécialisation en économie internationale et du développement - Specialized master in international and development economics