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ECOM-427 Globalization and Growth, 5 op 
Tunniste ECOM-427  Voimassaolo 01.01.2017 -
Nimi Globalization and Growth  Lyhenne Globalization 
Laajuus5 op   
OpiskelumuotoSyventävät opinnot
  ArvosteluYleinen asteikko 
    Voidaan suorittaa useastiei
Vastuuyksikkö Taloustieteen maisteriohjelma 

Saku Mitrunen 


Master’s Programme in Economics. Open to other students as well.


Annually in the third period


After the course, the student should

  • Know the mathematical methods that are used in solving models of economic growth 
  • Be familiar with typical models of global economic growth, their implications, and able to solve them independently

The course consists of lectures (24 hours) and exercises either in separate sessions or integrated into the lectures. The lectures and exercise sessions are not mandatory. There is a written final exam and homework assignments. The homework assignments consist of analytical exercises. These familiarize the student with the theory and calculations typically required in the practical implementation of the models.

Edeltävät opinnot tai edeltävä osaaminen 

Macroeconomics 1 or Advanced Macroeconomics 1

The student is assumed to be familiar with the total differential of the functions, the properties of homogeneous functions and the elements of both probability calculation and linear differential and difference equations.

Suositeltavat valinnaiset opinnot 

Courses on difference and differential equations and optimal control theory


The course considers growth models, how to solve them and what are their implications and empirical applications. The course helps to understand the mechanics of economic growth and income differences across countries.

Oppimateriaali ja kirjallisuus 

Lecture slides and journal articles assigned by the lecturer are mandatory. The course does not have a main textbook but Daron Acemoglu, Introduction to Modern Economic Growth, Princeton University Press, 2009 is strongly recommended reading.

Oppimista tukevat aktiviteetit ja opetusmenetelmät 

All mandatory material related to the course is delivered through the Moodle area of the course, which also contains a discussion forum where students can discuss issues related to the course with each other and the teacher.

Arviointimenetelmät ja -kriteerit 

The grade on a scale from 0 (fail) to 5 is based on a written exam.


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