114-0479/01 – Economic growth and development (ERR)

Gurantor departmentDepartment of EconomicsCredits5
Subject guarantordoc. Ing. Jan Janků, Ph.D.Subject version guarantordoc. Ing. Jan Janků, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year1Semestersummer
Study languageCzech
Year of introduction2020/2021Year of cancellation
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
JAW127 doc. Ing. Jan Janků, Ph.D.
FIL03 Ing. Lenka Johnson Filipová, Ph.D.
PYT005 doc. Ing. Mariola Pytliková, Ph.D.
SUL0018 Ing. Jan Šulák, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Part-time Credit and Examination 12+4

Subject aims expressed by acquired skills and competences

- understanding of models of economic growth (Solow model, new theory of growth) - understanding of the differences between proximite and fundamental factors of economic growth in the countries - the ability to explain the causes of differences in the economic level of the countries, both in terms of historical development and current problems - ability to describe and explain the impact of geographical, cultural and institutional factors of economic growth

Teaching methods

Lectures
Tutorials

Summary

The aim of the course is to acquaint students with the causes of the current distribution of economic forces of nations and states, their economic development and growth. Students learn not only about the direct factors of economic growth, such as capital, human capital, and technological progress, but also about fundamental factors such as geographical, cultural, institutional factors, and luck.

Compulsory literature:

ACEMOGLU, D. Introduction to modern Economic Growth. Princeton: Princeton University Press, 2009. 990 p. ISBN: 978-0-691-13292-1. SCHWAB, Klaus and Peter VANHAM. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet. Hoboken, New Jersey: Wiley, 2021. 304 p. ISBN 978-1119756132. WEIL, David N. Economic Growth. London: Routledge, 2019. 586 p. ISBN 978-0321795731.

Recommended literature:

BERNARDELLI, Michal et al. Economic Growth and Convergence. Global Analysis through Econometric and Hidden Markov Models. London: Routledge, 2021. 196 p. ISBN 9780367774905. CAMERON, Rondo and Larry NEAL. A Concise Economic History of the World. 5th ed. Oxford: Oxford University Press, 2016. ISBN: 9780199989768. UNDP (United Nations Development Programme). 2022. Human Development Report 2021-22: Uncertain Times, Unsettled Lives: Shaping our Future in a Transforming World. New York.

Way of continuous check of knowledge in the course of semester

Seminars: seminal work Examination: combination of written and oral exam The same conditions apply to students with ISP.

E-learning

Other requirements

no other requirements

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Explanation of basic economic terms such as economic growth and development; theories focused on economic growth; the Solow´s growth model. 2. New theory of growth - Models with large definition of capital: AK models, capital externalities (Romer 1986), model with human capital accumulation (Robert E. Lucas 1988) and model of Mankiw, Romer and Weil (1992). 3. New theory of growth - Models with endogenization of technological progress: Paul M. Romer (1990), R&D models, models of Schumpeterian growth. 4. Proximite (human and physical capital, technological progress) and fundamental factors of economic growth - path dependence, geographical factors, culture, institutions. 5. Path dependence, 3 periods of economic development (Malthusian trap, industrial revolution, great divergence). 6. Brief economic history of Europe, Africa, America and Asia until the 20th century. 7. 20th century – till present: Great Divergence - century of rapid change in economic growth and development of regions. Characteristics of the causes of these changes. Characteristics and comparison of economic development and long-term growth of advanced economies, emerging economies and poor economies. 8. 20th century – till present: Great Divergence - continuation 9. Geographical factors of economic growth – Nature, climate and location as a fundamental factor of economic growth and development, models. 10. Models of cultural impact on the long-term economic growth and development. 11. Political economics of growth. Institutions, political regimes and their impact on economic growth. 12. Models of income inequality and poverty impact on economic growth and development. 13. Globalization and its impact on economic development, theories of impact of globalization on economic growth of developing countries. 14. Global solutions of economic development, efficiency of development aid – institutions, policies, targets and instruments.

Conditions for subject completion

Part-time form (validity from: 2020/2021 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of pointsMax. počet pokusů
Credit and Examination Credit and Examination 100  51
        Credit Credit  
        Examination Examination   3
Mandatory attendence participation: Attendance at lectures and seminars is not mandatory.

Show history

Conditions for subject completion and attendance at the exercises within ISP: The same conditions apply to students with ISP.

Show history

Occurrence in study plans

Academic yearProgrammeBranch/spec.Spec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2024/2025 (N0311A050012) Applied economics (S01) International Economic Relations MER K Czech Ostrava 1 Compulsory study plan
2024/2025 (N0311A050012) Applied economics (S02) Economic Development ER K Czech Ostrava 1 Compulsory study plan
2024/2025 (N0413A050014) Economics and Management (S01) Business Administration K Czech Ostrava 1 Choice-compulsory type B study plan
2023/2024 (N0311A050012) Applied economics (S02) Economic Development ER K Czech Ostrava 1 Compulsory study plan
2023/2024 (N0311A050012) Applied economics (S01) International Economic Relations MER K Czech Ostrava 1 Compulsory study plan
2023/2024 (N0413A050014) Economics and Management (S01) Business Administration K Czech Ostrava 1 Choice-compulsory type B study plan
2022/2023 (N0311A050012) Applied economics (S02) Economic Development ER K Czech Ostrava 1 Compulsory study plan
2022/2023 (N0311A050012) Applied economics (S01) International Economic Relations MER K Czech Ostrava 1 Compulsory study plan
2022/2023 (N0413A050014) Economics and Management (S01) Business Administration K Czech Ostrava 1 Choice-compulsory type B study plan
2021/2022 (N0413A050014) Economics and Management (S01) Business Administration K Czech Ostrava 1 Choice-compulsory type B study plan
2021/2022 (N0311A050012) Applied economics (S01) International Economic Relations MER K Czech Ostrava 1 Compulsory study plan
2021/2022 (N0311A050012) Applied economics (S02) Economic Development ER K Czech Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction



2021/2022 Summer