Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

At the end of the course, students will be familiar with (a) the basic facts about long-term economic growth, (b) the main theories for why some places grew rich while others did not, and (c) examples of empirical work attempting to test these theories. In addition, the course will provide historical perspective for understanding the causes and consequences of financial crises.

Credits: 6

Schedule: 12.01.2022 - 21.02.2022

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Matti Sarvimäki, Maarit Olkkola

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content
  • valid for whole curriculum period:

    This course documents and explains the history of economic growth. Topics discussed include technological and financial innovation, political and economic institutions, industrialization, international trade, social mobility and inequality. We discuss how cross-country differences in economic development have been explained by differences in geography, culture, institutions and luck, and review work assessing the empirical relevance of these explanations. We also cover research on financial crises and the industrial revolution.

Assessment Methods and Criteria
  • valid for whole curriculum period:

    1. Lectures
    2. Assignments (50% of the final marking)
    3. Final exam (50% of the final marking)

Workload
  • valid for whole curriculum period:

    1. Lectures: 26 h
    2. Independent study: 130 h
    3. Exam: 4 h

DETAILS

Study Material
  • valid for whole curriculum period:

    Materials covered in the lectures and readings assigned in the course

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

FURTHER INFORMATION

Further Information
  • valid for whole curriculum period:

    Teaching Period:

    2020-2021 Autumn II

    2021-2022 Spring III


    Course Homepage: https://mycourses.aalto.fi/course/search.php?search=31E40100


    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu (sisu.aalto.fi) instead of WebOodi.


    Please contact the department's study co-ordinator for questions regarding registration.