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University of Exeter Business School

Economic Growth

Module titleEconomic Growth
Module codeBEE3053
Academic year2023/4
Module staff

Professor John Maloney (Convenor)

Duration: Term123
Duration: Weeks


Number students taking module (anticipated)


Module description

World poverty is the most important economic issue of our age, and no economics student should be without an understanding of its causes, and the role of economic growth and trade in lifting people out of it. The module embraces a wide range of issues. These include the theory of economic growth, the actual growth experience (if any) of developing countries, the relation between free trade and growth, the environmental consequences of growth and the roles of institutions, geography and culture in economic growth.

Additional Information:


The transferable skills listed below are chosen with regard to employability.

Research in Teaching

The module draws on the lecturer's own research in the subject.


The issue of sustainability arises in our critical look at those environmentalists who are opposed to economic growth in the first place.

The assessment structure on this module is subject to review and may change before the start of the new academic year. Any changes will be clearly communicated to you before the start of term and if you wish to change your module as a result of this you can do so in the module change window.

Module aims - intentions of the module

To instil an understanding of the subject-matter above and to develop the skills listed below.

Intended Learning Outcomes (ILOs)

ILO: Module-specific skills

On successfully completing the module you will be able to...

  • 1. understand why some countries are so much richer than others
  • 2. propose remedies for world poverty and evaluate the contributions of overall economic growth and freer trade in overcoming it
  • 3. explore the multiplicity of fallacies on the subject perpetrated by the economically illiterate
  • 4. use econometrics to trace the links between trade, poverty, growth and political institutions

ILO: Discipline-specific skills

On successfully completing the module you will be able to...

  • 5. apply economic theory to contemporary world problems, and be able to judge which theories to try to apply

ILO: Personal and key skills

On successfully completing the module you will be able to...

  • 6. speak to an audience
  • 7. write in good English
  • 8. think logically

Syllabus plan

  • Neoclassical growth theory
  • Endogenous growth theory
  • Technology and growth
  • Post-Keynesian growth theory
  • Is trade good for growth?
  • Institutions and growth
  • Democracy, government and growth
  • Geography and growth
  • Culture and growth
  • Ancestry and growth
  • Environmental consequences of growth

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning and Teaching Activity22Lectures
Scheduled Learning and Teaching Activity5Tutorials
Guided Independent Study123Reading, research and reflection. Preparation for lectures, tutorials, coursework and exam

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Presentation (individual, with choice of working with partner)15 minutes1-8Verbal comments at end of seminar

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Examination802 hours 15 minutes1-5, 7, 8Individual written or verbal feedback to student (if requested)
Essay20Max. 1,600 words1-5, 7,8Written comments on essay

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
ExaminationExamination (2hr 15 min)1-5, 7-8August/September reassessment period
EssayEssay (1600 words)1-5, 7-8Due by 31st August

Re-assessment notes

* Students who fail the module should re-take any failed elements.  

Indicative learning resources - Basic reading

David Weil, Economic Growth

Weil, D. (2013) Economic Growth, 3rd  edition, Pearson/Addison Wesley


Indicative learning resources - Web based and electronic resources

Module’s ELE page will contain but not be limited to recordings of any asynchronous classes, slides, handouts, slides from student individual or group presentations, reading list compiled by the library, discussion forum

Key words search

Growth, economic, neoclassical, endogenous, Schumpeterian, finance, trade, aid, institutions

Credit value15
Module ECTS


Module pre-requisites

BEE2039 or BEE2026

Module co-requisites


NQF level (module)


Available as distance learning?


Origin date


Last revision date