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Problem Based Learning tasks in Economic Growth

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Module structure

The following are the four PBL tasks that groups are required to engage with throughout the semester:

  • Task 1. Aims:
    • Understand the convergence hypothesis theory and the importance of diminishing returns in underpinning such a concept
    • Manipulate statistics to test theories
    • Understand the concept of residual and show theoretical models can be tested with available statistics
    • Work in a group to solve tasks
  • Task 2. Aims:
    • Understand the key ideas underpinning endogenous growth theory
    • Evaluate the debate concerning the growth or level effect of savings
    • Appreciate the role of complementary policies in influencing economic growth
    • Understand the concept of creative destruction
    • Assess the role of technology in determining economic growth
  • Task 3. Aims:
    • Acquire an understanding of the theory concerning the relationships between income distribution and growth, inflation and growth and financial development and growth
    • Use empirical evidence to test theories and inform evidence-based policies
    • Appreciate the tension developing from the implementation of alternative policies
    • Set up and test a growth regression
  • Task 4. Aims:
    • Engage with recent literature in growth theory and research
    • Familiarise yourself with new developments in the approach to growth analysis and policy
    • Use recent theoretical developments to carry out some growth analysis
    • Carry out independent work and research
    • Work with others

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