Growth and Development
SM82.09: Growth and Development [3 Credits]
Banking operates in the context of an economy and by extension in the context of a global economy. In most emerging economies banks are the key sources of finance to stimulate economic growth and development. Professionals seeking to develop a career in banking need to understand the linkages between banking and economic growth and development.
This course will enable participants to:
- Develop the analytical skills to understand theoretical developments in modern economic growth theory.
- Develop the ability to match theory with empirical evidence via the interpretation of econometric studies on the experience of economic growth and development across countries.
- Develop the ability to highlight the implications of theoretical and empirical research for policy design.
Modern growth theory, economic growth and development, economic studies, crisis and economic growth, public economics.
- What is economic growth?
- What is economic development?
- Situation in Asian economies
II. Determinants of Economic Growth: Theory and Empirics
- Growth accounting
- Growth and Technological Progress
- Knowledge, human capital and endogenous growth
- Fiscal Policy and growth
- Trade and Openness
- Macroeconomic Stability (Economic Crisis)
- Financial Development
- Political Factor and Institution
III. Economic Growth and Development: Theory and Empirics
- Growth and Standards of Living
- Growth, Saving and Investment
- Growth, inflation, and financial deepening
- Growth, poverty and inequality
Lecture notes and handouts provided by the instructor.
The Economies of adjustment and growth, San Diego, CA, Academic Press, 2000.
Van Den Berg, H.:
Economic growth and development, New York: McGraw-Hill (2nd Edition), 2007.
Barro, R., and Sala-i-Martin, X.:
Economic growth, Cambridge, MA, MIT Press, 2003.
The mystery of economic growth, Cambridge, MA, Harvard University Press, 2004.
Introduction to modern economic growth, Princeton, NJ, Princeton University Press (1st Edition), 2009.
Journals and Magazines:
Journal of Economics
Journal of Econometrics
International Journal of Economic Theory
Journal of Economic Development
International Journal of Economics Science and Applied Research
Harvard Business Review.
Grading System: The final grade will be computed from the following constituent parts: mid-term exam (30%), final exam (40%), assignments (30%). Open/closed-book examination is used for both mid-term and final exam.
Instructor(s): Dr. Juthathip Jongwanich