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Teaching GuideTerm Faculty of Sociology |
| Grao en Socioloxia |
 Subjects |
| Growth and Economic Development |
| Contents |
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| Identifying Data | 2023/24 | |||||||||||||
| Subject | Growth and Economic Development | Code | 615G01404 | |||||||||||
| Study programme |
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| Descriptors | Cycle | Period | Year | Type | Credits | |||||||||
| Graduate | 1st four-month period |
Fourth | Optional | 4.5 | ||||||||||
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| Topic | Sub-topic |
| 1) Introduction and measurement | Incentives and institutions. Questions, times, model and assumptions. Rates of growth, GDP, real economic growth and other indicators. |
| 2) Classical explanations of growth | Production function, capital and labor factors, human capital (education), constant returns to scale, law of diminishing returns, exogenous growth based on technical progress. |
| 3) Economics of ideas | Endogenous growth based on incentives to innovate, complementarities, externalities, contextual effects, increasing returns to scale, properties of knowledge, diffusion, market structure and institutions, public intervention. |
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