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Economic growth and development

Type of study Follow-up Master
Language of instruction Czech
Code 114-0379/01
Abbreviation ERR
Course title Economic growth and development
Credits 5
Coordinating department Department of Economics
Course coordinator doc. Ing. Jan Janků, Ph.D.

Osnova předmětu

1. Explanation of terms economic growth and development, chronology of development of the theoretical trends concerning economic growth and their basic description; Solow's model.
2. New Growth Theories - Models with Extended Capital Definition: AK Models, Capital Externality (Romer 1986), Models with Human Capital Accumulation (Robert E. Lucas 1988) and Mankiw, Romer and Weil (1992).
3. New Growth Theories - Models of Technological Progress Endogenization: Paul M. Romer (1990), R & D Models, Schumpeter's Growth Models.
4. Proximity (human and physical capital, technological progress) versus fundamental factors of economic growth - path dependence, geographical factors, culture, institutions.
5. Path dependence, 3 epochs of economic development (Malthusian trap, Industrial Revolution, "Great Divergence").
6. Economic History of Europe, Africa, America and Asia to the 20th Century.
7. 20th Century – until now: Great Divergence - Century of rapid change in economic development and regional growth. Characteristics of the causes of these changes. Characteristics and Comparison of Economic Development and Long-Term Growth of Advanced, Emerging and Poor Economies
8. 20th Century – until now: Great Divergence - Century of rapid change in economic development and regional growth. Characteristics of the causes of these changes. Characteristics and Comparison of Economic Development and Long-Term Growth of Advanced, Emerging and Poor Economies - continuation.
9. Geographical factors of economic growth - Nature and natural conditions as a fundamental factor of economic growth and development, models
10. Models of the impact of culture on long-term economic growth and development
11. Political Economy of Growth. Institutions, political regimes and their impact on long-term economic growth.
12. Models of income inequality and poverty impact on economic growth and development.
13. Current problems and their impact on further economic development: globalization and economic development; Theory of the impact of globalization on the economic growth of developing countries.
14. Global solutions to the issues of economic development, the effectiveness of development aid - institutions, policies, objectives, tools.

Povinná literatura

ACEMOGLU, D. Introduction to modern Economic Growth. Princeton: Princeton University Press, 2009. 990 p. ISBN: 978-0-691-13292-1.
SCHWAB, Klaus and Peter VANHAM. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet. Hoboken, New Jersey: Wiley, 2021. 304 p. ISBN 978-1119756132 .
WEIL, David N. Economic Growth. London: Routledge, 2019. 586 p. ISBN 978-0321795731 .

Doporučená literatura

BERNARDELLI, Michal et al. Economic Growth and Convergence. Global Analysis through Econometric and Hidden Markov Models. London: Routledge, 2021. 196 p. ISBN 9780367774905 .
CAMERON, Rondo and Larry NEAL. A Concise Economic History of the World. 5th ed. Oxford: Oxford University Press, 2016. ISBN: 9780199989768 .
UNDP (United Nations Development Programme). 2022. Human Development Report 2021-22: Uncertain Times, Unsettled Lives: Shaping our Future in a Transforming World. New York.