In case of conflicting information consider the Sisu/MyCourses pages the primary source of information.

Overview

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.

Teaching

  • Completion method: contact teaching
  • Schedule: can be found in Sisu
  • Study materials: can be found in MyCourses
    • To be able to access the course workspace you must have registered for the course successfully in Aalto’s Sisu
    • Log in with your Aalto username to be able to use all the features of the course workspace

Please register for the course in the Aalto Sisu with your Aalto username. Further instructions (link to be added here later).

University-specific instructions

    • Code: 31E40100

    • Target groups: MSc / rMSc / PhD

    • Credit points: 6

    • Code: 26020

    • Target groups: MSc / rMSc / PhD

    • Credit points: 6

    • Credit transfer: apply for substitution in Sisu

    Further instructions (link to be added here later)

    • Code: ECOM-428 (MSc) / DPE-9428 (PhD)

    • Target groups: MSc / rMSc / PhD

    • Credit points: 6

    • Credit transfer: apply for substitution in Sisu

    Further instructions (link to be added here later)

    • Please contact your supervisor/program director to be sure that the course credit can be counted towards your degree

    • Credit transfer: please apply for credit transfer according to your home university's procedures

    Further instructions (link to be added here later).

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.