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 freer (or less free) 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 reasons for and effects of foreign direct investment, and the roles of institutions, geography and culture in economic growth.
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.
Full module specification
|Module title:||Economic Growth|
BEE2025 and BEE2026 or BEE2024
BEE2025 and BEE2026 or BEE2024
|Duration of module:||
Duration (weeks) - term 2: |
To instil an understanding of the subject-matter above and to develop the skills listed below.
ILO: Module-specific skills
- 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
- 5. apply economic theory to contemporary world problems, and be able to judge which theories to try to apply
ILO: Personal and key skills
- 6. speak to an audience
- 7. write in good English
- 8. think logically
Learning activities and teaching methods (given in hours of study time)
|Scheduled Learning and Teaching Activities||Guided independent study||Placement / study abroad|
Details of learning activities and teaching methods
|Category||Hours of study time||Description|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|2 Presentations||15 minutes each||1-8||Verbal comments at end of seminar|
Summative assessment (% of credit)
|Coursework||Written exams||Practical exams|
Details of summative assessment
|Form of assessment||% of credit||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Examination||90||2 hours||1-5, 7, 8||Individual written or verbal feedback to student (if requested)|
|Essay||10||Max. 2000 words||1-5, 7,8||Written comments on essay|
Details of re-assessment (where required by referral or deferral)
|Original form of assessment||Form of re-assessment||ILOs re-assessed||Timescale for re-assessment|
|Essay + Exam||Essay and/or Exam*||1-5, 7-8||Referred exam in August or September. Essay by 31 August.|
* Students who fail the module should re-take any failed elements.
Neoclassical growth theory
• Endogenous growth theory
• Is trade good for growth?
• Does trade relieve poverty?
• Foreign direct investment and its distribution
• Institutions and growth
• Democracy, government and growth
• Geography and growth
• Culture and growth
• Ancestry and growth
Indicative learning resources - Basic reading
Weil, D. (2013) Economic Growth, 3rd edition, Pearson/Addison Wesley
Module has an active ELE page?
Last revision date