Productivity: Firms, Markets, and Economies

ECS558 Productivity: Firms, Markets, and Economies

  • Topics

    Topics

    The first section of the course will lay the necessary conceptual groundwork by introducing students to productivity as a concept, how it is measured, and the basic patterns of firm-level productivity both in the cross section and over time.

    The second section looks at explanations for productivity differences across producers and how this is related to differences in firm performance as well as earnings inequality and labor¿s share of income.

    The third section examines the burgeoning literature that investigates the efficiency (or lack thereof) of the allocation of resources across heterogeneous-productivity producers. This involves work that is both positive, describing the allocation as-is, and normative, asking what is efficient and whether market mechanisms support this or instead are impeded by frictions from achieving more efficient outcomes.

    The fourth section zooms out to explore more aggregate patterns of productivity and how they are related to the microeconomic patterns that underlie it.

  • Learning outcome

    Learning outcome

    After completing this course, the candidate can:

    Knowledge:

    • measure firm productivity 
    • investigate how firms productivity depends on market conditions and firm characteristics.

    Skills:

    • evaluate and apply advanced topics in productivity theory, measurement, and empirical analysis in their own research.

    General competence

    • communicate and discuss the relevant research with a peer audience.

  • Teaching

    Teaching

    The course consists of four days of lectures plus time for the students to present their own research.

  • Recommended prerequisites

    Recommended prerequisites

    None

  • Required prerequisites

    Required prerequisites

    None.

  • Credit reduction due to overlap

    Credit reduction due to overlap

    None

  • Requirements for course approval

    Requirements for course approval

    Participation in class.

  • Assessment

    Assessment

    5 days individual home exam, start Day 1 at 8.00, deadline Day 4 at 14.00

  • Grading Scale

    Grading Scale

    Pass/fail

  • Computer tools

    Computer tools

    None

  • Semester

    Semester

     

    25-29 June, 2018

  • Literature

    Literature

    To be announced

Overview

ECTS Credits
5
Teaching language
English
Semester
Spring

Course responsible

Lecturer: Chad Syverson, University of Chicago Booth School of Business

Course responsible: Eirik Gaard Kristiansen, Department of Economics (NHH)  and Hans Hvide (UIB)