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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2011/2012
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DRPS : Course Catalogue : School of Economics : Economics

Undergraduate Course: Capital and Growth Theory (ECNM10006)

Course Outline
SchoolSchool of Economics CollegeCollege of Humanities and Social Science
Course typeStandard AvailabilityAvailable to all students
Credit level (Normal year taken)SCQF Level 10 (Year 4 Undergraduate) Credits20
Home subject areaEconomics Other subject areaNone
Course website None Taught in Gaelic?No
Course descriptionHow does the economy grow over time and what determines the rate of growth? What is the optimal rate of growth? Can and should the government intervene to influence the growth process? The aim of this course is to acquaint students with recent developments in economic growth theory and its answers to these important questions, building on the coverage of growth theory in Economics 2 and Topics in Economic Analysis 1, which is a pre-requisite. This means that the course is primarily aimed at Senior Honours students. Other students (e.g. Visiting Undergraduates) interested in taking the course should consult the course organiser. Topics covered include: general equilibrium and growth theory; the neoclassical one-sector (Solow-Swan) and two-sector (Uzawa) models; functional distribution of income; optimal growth, the golden rule; Ramsey utility and dynamic optimisation; exogenous technical progress; endogenous growth theory, AK model; human capital and two sector endogenous growth models; endogenous technical progress; convergence; growth and cycles.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Topics in Economic Analysis 1 (ECNM10050) AND Essentials of Econometrics (ECNM10052)
Co-requisites
Prohibited Combinations Other requirements None
Additional Costs None
Information for Visiting Students
Pre-requisitesNone
Displayed in Visiting Students Prospectus?Yes
Course Delivery Information
Delivery period: 2011/12 Semester 2, Available to all students (SV1) WebCT enabled:  Yes Quota:  None
Location Activity Description Weeks Monday Tuesday Wednesday Thursday Friday
CentralLectureAppleton Tower, Room 2.051-11 14:00 - 15:50
First Class Week 18, Monday, 14:00 - 15:50, Zone: Central. Appleton Tower, Room 2.05
Exam Information
Exam Diet Paper Name Hours:Minutes
Main Exam Diet S2 (April/May)2:00
Summary of Intended Learning Outcomes
After successful completion of this course students should have developed their general skills of critical analyss and assessment; obtaining and processing information from a variety of sources; presentation and communication skills; interpersonal and groups skills; independent action and initiative; managing tasks and time.
Assessment Information
Teamwork 10%
2000 word essay 20%
Degree examination in April/May 70%



Visiting Student Variant Assessment
Teamwork 10%
Three 2,000 word essays @ 30% each
Special Arrangements
None
Additional Information
Academic description Not entered
Syllabus Not entered
Transferable skills Not entered
Reading list Not entered
Study Abroad Not entered
Study Pattern Not entered
KeywordsNot entered
Contacts
Course organiserMr Donald George
Tel: (0131 6)50 3849
Email: D.George@ed.ac.uk
Course secretaryMs Eirlys Armstrong
Tel: (0131 6)50 8361
Email: eirlys.armstrong@ed.ac.uk
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