Economic Growth and Development

SAM16 Economic Growth and Development

  • Topics


    The first part of the course focuses on strategies to maximize the value of the national stock of human capital. It also presents some facts about differences in current income levels and growth rates and the basic tools of growth theory.

    The second part of the course includes an analysis of economic growth in China and India, and the implication of the strong growth in these two countries for other developing countries as well as for the developed world.

    The third part of the course focuses on institutions as both consequences of poor economic growth, and as a source of poor growth performance. It considers the role of inherited institutions and the failure of formal institutions, in the form of corruption.

    The fourth part of the course considers how we can, and perhaps should, measure economic growth ¿ taking into consideration the environment, health and well-being, as well as GDP.

  • Learning outcome

    Learning outcome

    Students will understand the different growth strategies pursued by various developing and developed countries and understand the central roles of human capital, natural resources, institutions and international trade.


  • Teaching


    The format is a class discussion, in which all students are expected to fully participate every week. Students are encouraged to work in small groups to prepare for each class. Each week, every group member should read (at least) one of the items on the reading list and then discuss it with the rest of the group. In this way, all - or most - of the reading materials assigned each week will be covered by every group. The group can use this discussion to prepare their responses to the accompanying assignment questions, which we will discuss in class. In total, there are 15 classes of 90 minutes over the semester (usually one per week).


  • Required prerequisites

    Required prerequisites


    Tilsvarer VOA022

  • Credit reduction due to overlap

    Credit reduction due to overlap

    Overlap with VOA022

  • Requirements for course approval

    Requirements for course approval

    Earn sufficient credit from participating in class.

  • Assessment


    3 hours written exam. All answers must be written in English.

  • Grading Scale

    Grading Scale

    Grading scale A - F

  • Computer tools

    Computer tools


  • Semester



  • Literature


    First, each week¿s class discussion will revolve around a Harvard Business School case; the case collection should therefore be purchased by the students. Second, the cases will be supplemented each week by a selection of academic articles that are downloadable from the web.


    Recommended readings:

    The collection of Harvard Business School cases; the associated academic articles.



ECTS Credits
Teaching language

Course responsible

Liam Brunt, Department of Economics.