The purpose of the course is to analyse modern and classic theories of economic of growth and development, particular the concept of economic development and its basic characteristics, poverty, dualism, development challenges, long term growth trends, indicators as well as empirical methods and models. The course relies on the notion of development for all economies and not just developing ones and then gives an extensive introduction to the economic problems of the less developed countries. Individual topics include the role of agriculture and industry, education, employment, migration, capital accumulation, and income distribution. The syllabus further explores the concepts of new growth theory, exogenous and endogenous economic growth models. Finally, the course touches upon issues related to income inequality and economic growth, development finance, the role of technological change in economic development, productivity and convergence / divergence, economic backwardness, knowledge economy, development finance and the role of institutions. A specific topic is the Leontief matrix as a tool for planning growth and development.
Tutorials are offered to familiarise the students with the basic concepts of the course and prepare them for the exams.