The main topic of the course is applied growth theory. We are focusing during the whole semester on the determining factors of economic growth and development. Theory and application has to be underlined: while discussing a subject, we start from models as structured, logical constructs without ignoring that are used to describe and explain some specific features of certain countries.
As the course is dealing with those special features of the economic growth models that are valid for developing countries, we cannot avoid normative statements and recommendations regarding economic policy. We will find far more practical "to-do-lists", receipts and moral dilemmas than in standard macroeconomic models.
During the course we get an overview of theories, frameworks and empirical analyses focusing especially on describing the characteristics of developing countries, examining their problems and the suggested solutions for them.
The highly detailed issues include the analysis of economic backwardness and its consequences, the inequality of income and wealth and its effect on development and on catching-up and the description of phenomena caused by the disproportionality among sectors and the underdevelopment of financial markets.
We also pay attention to the specificities of international economic relationships of developing countries, the effects of globalization on them and the problems of effective foreign aid.
Prerequisities for the course are the knowledge of basic micro- and macroeconomic models, and the solid comprehension of English textbooks.
Given that we integrate case studies and empirical analyses, some basic knowledge of statistics and econometrics is also required.