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363-0562-01L 3 Credits MSC D-MTEC

Economics of Innovation and Growth

Does not take place this semester.
VVZ CR n/a

Last Updated: 2026-02-05 15:36:32

Abstract

Overview how the world has developed. Understanding the role of innovation and institutions for economic growth. Discussion of policies to foster innovation and growth.

Objective

There are three goals of the lecture. First, understanding how the world has developed over the last centuries and the proximate and fundamental causes of economic growth. Second, understanding and applying the basic models of economic growth. Third, discussion of policies to foster innovation and growth to reduce the large wealth differences in the world.

Content

1. Introduction 2. Neoclassical Growth Theory 3. Innovations and Growth (New Growth Theory) 4. Growth Policy and Fundamental Causes for Growth

Resources

Lecture Notes

The transparencies used in the lectures will be distributed to the participants.

Literature

Core literature: 1.Acemoglu, D. (2009): Introduction to Modern Economic Growth. Princeton University Press, Cambridge MA. 2. Barro, R.J. and X. Sala-i-Martin (2004): Economic Growth. MIT Press. 3. Aghion P. and P. Howitt (1998): Endogenous Growth Theory. MIT Press. 4. Aghion P. and S. Durlauf (eds. 2005): Handbook of Economic Growth. Elsevier, chapter 6. Additional literature: 6. Romer, D. (2001): Advanced Macroeconomics. McGraw-Hill, chapters 1 and 3. 5. Bretschger, L. (1999): Growth Theory and Sustainable Development. Edward Elgar. 7. Romer, P. (1990): Endogenous Technological Change, Journal of Political Economy, Vol. 98(5). 8. Aghion, P. and P. Howitt (1992):A Model of Endogenous Growth through Creative Destruction. Econometrica, Vol. 60(2). 9. Lucas, R. (1988): On the Mechanics of Economic Development, Journal of Monetary Economics, Vol. 22. 10. Rebelo, S. (1991): Long-Run Policy Analysis and Long-Run Growth. Journal of Political Economy, Vol. 99(3). 11. Piketty, T. (2014): Capital in the Tewnty-First Century. Harvard University Press, Cambridge, MA.

General Information

Language
English
Levels
MSC
Frequency
Yearly recurring

Examination

Type
session examination
Mode
written 90 minutes
Aids
keine.

Course Components

Type Title Time & Place Hours
lecture with exercise Economics of Innovation and Growth
Does not take place this semester. Please note: This lecture will be merged in autumn semester 2020 with 364-0559-00L Dynamic Macroeconomics. The new lecture is 363-1136-00L Dynamic Macroeconomics, Innovation and Growth.
No time listed 2 h weekly

Offered In