Macroeconomic Theory
Code
2173
Academic unit
null
Department
null
Credits
3,5
Teacher in charge
Miguel Lebre de Freitas
Teaching language
English
Objectives
The aim of this course is to provide the student with a set of tools and ideas that may help her (him) understand why some countries enjoy higher standards of living or grow faster than others and what governments and civil societies can do about.
The course is divided in three parts. In the first part, we address the contribution of factor accumulation to economic growth. In the second part, we address alternative theories of technological change. In the third part, we discuss the role of government policies and the role of institutions in shaping the quality of decision‐making.
Prerequisites
Subject matter
1. Population and economic growth;
2. Capital accumulation and economic growth;
3. Externalities and learning by doing;
4. Market based technological change ;
5. Government policies;
6. Institutions;
Bibliography
Teaching method
Classes are weekly and last for 3 hours. Classes are devoted to formal lecturing. Problem sets will be made available, for the student to practice the models learned.
Evaluation method
-Mandatory mid‐term covering the material presented until one week before: 40%
-Final exam covering the remaining material: 60%