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- Code:
- 31E40100
- Field:
- Macroeconomics
- Targets:
- Master’s students Research Master's students PhD students
- Organiser:
- Aalto University
- Instructor:
- Matti Sarvimäki
- Period:
- Period 3
- Format:
- Lecture
- Method:
- Contact teaching
- Venue:
- Otaniemi campus
- Enrollment:
In case of conflicting information consider the Sisu/MyCourses pages the primary source of information.
Hanken and UH economics students can enroll in their home university’s SISU! Further instructions can be found on the How to enroll? page, also for other students.
Before taking and completing the course make sure that the credits can be counted towards your degree at your home university by checking which courses are included in your curriculum or by contacting your home university’s student/learning services.
- To access the course workspace, use all the features and participate in the activities (assignments, discussions), you must have successfully registered for the course in Aalto's Sisu and logged in as an Aalto user with your Aalto IT account (which is generated after you have been granted study rights).
- For more tips on how to register for a MyCourses course area, click here.
Content
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.
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.