This course explores theoretical developments in the analysis of economic growth and introduces current debates on evidence and policy-relevant to the growth performance of both developed and developing economies. The course is structured around a series of key papers from journals, lecture material and a relevant coursebook. The theoretical material is reinforced by tutorial exercises and assignments that require students to understand and interpret the mathematics and economics of the growth models.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

1. demonstrate an understanding of economic growth models
2. demonstrate an understanding of how growth models have changed over time
3. demonstrate an understanding of key empirical findings in the field
4. examine the role of policies that aid economic growth - both for developed and developing economies
5. use data and case studies to undertake country analysis in individual and/or group setting
6. use empirical and theoretical material from literature to provide policy recommendations

Research-Led Teaching

Theory and examples covered in the course are derived from research in the field . In addition, students will have the opportunity to engage in relevant research papers, country diagnostics and analysis of key research findings in the field of Economic Growth.

Field Trips

n/a

Additional Course Costs

n/a

Required Resources

Economic Growth by David N Wiel

Introduction to Economic Growth by Charles I Jones and Dietrich Vollrath

You can purchase the textbook from the bookstore on campus, and a copy will also be available for short term loan in the Chifley Library.

A list of recommended journal articles will be uploaded to Wattle.

Ebooks are available in the library.

Recommended Resources

Also, recommended for readings are:

Economic Development, The Pearson Series in Economics 2011-  Smith, S. C., & Todaro, M. P. (2020) - - available in the library.

The Economics of Growth by Philippe Aghion and Peter Howitt - available in the library.

Staff Feedback

Students will be given feedback in the following forms in this course:

• written comments
• verbal comments
• feedback to whole class, groups, individuals, focus group etc.
• feedback will be given throughout the semester.

Student Feedback

ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.

Other Information

Each week tutorial questions for the following weeks tutorials will be uploaded onto wattle. It is expected that you prepare the answers to these questions. These questions will be

DISCUSSED in the tutorial. To gain the most out of the tutorial, and to be able to participate in the discussion you will need to prepare. As answers are based on discussion,

answers to all questions will NOT be posted on wattle.

Class Schedule

Week/Session	Summary of Activities	Assessment
1	Stylized facts + introduction
2	Solow Swan model
3	Endogenous growth model
4	Firm growth and industrial policies	assessment: paper presentation (initial)
5	Population	assessment: case study initial
6	Human capital	assessment: case study initial
7	Government and Institutions	assessment: paper presentation final
8	Income inequality	assessment: paper presentation final
9	Poverty 1	assessment: case study final
10	Poverty 2	assessment: paper presentation
11	Growth in the open economy	assessment: paper presentation, written components of paper presentations.
12	Environment	assessment: paper presentation

Tutorial Registration

You are expected to attend one tutorial each week from Week 2 onwards. Tutorial enrolments will start in week 1. Tutorials will be available via zoom . You must enrol in a tutorial using the Wattle site for this course and attend the tutorial in which you are enrolled. When tutorials are available for enrolment, follow these steps:

1.  Log on to Wattle, and go to the course site

2.  Click on the link “Tutorial enrolment”

3.  On the right of the screen, click on the tab

“Become Member of…..” for the tutorial class you wish to enter

4.  Confirm your choice

If you need to change your enrolment, you will be able to do so

by clicking on the tab “Leave group….” and then re-enrol in another group. You

will not be able to enrol in groups that have reached their maximum number.

Please note that enrolment in ISIS must be finalised for you to have access to

Wattle.

 

Assessment Summary

Assessment task	Value	Due Date	Return of assessment	Learning Outcomes
Assignment- Case study- initial presentation	20 %	21/03/2022	02/05/2022	1,2,3
Presentation on papers- initial presentation	20 %	14/03/2022	23/05/2022	1,2,3
Final Exam	55 %	04/06/2022	04/06/2022	1,2,3
Class participation	5 %	22/02/2022	28/05/2022	1,2,3

* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details

Policies

ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:

• Student Assessment (Coursework) Policy and Procedure
• Special Assessment Consideration Policy and General Information 
• Student Surveys and Evaluations
• Deferred Examinations
• Student Complaint Resolution Policy and Procedure

Assessment Requirements

The ANU is using Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the Academic Integrity . In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.

Moderation of Assessment

Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.

Participation

Attendance at all teaching events, while not compulsory, is expected in line with “Code of Practice for Teaching and Learning”, clause 2 paragraph (b).

 Students will be given 5 per cent marks based on participation.

Students are also asked to play an active role on the discussion forums on wattle. This will contribute towards the 5 per cent marks allocated towards overall class participation.           

In addition, tutorials are a discussion-based class. Providing worked solutions would not effectively compensate for missing a tutorial. Students who, through unavoidable and unplanned occurrences, are unable to attend a tutorial class one week are encouraged to work through the problems and attend a consultation session for discussion and solutions.

Examination(s)

See Assessment Task 5.

Assessment Task 1

Assignment- Case study- initial presentation

Task released at least 2 weeks before due.

Due date - week 5.

Details of tasks

Case study presentation

Each group must select a country, and present analysis on 7 to 10 key variables of that country and highlight key growth drivers for that country. Each group should inform the Lecturer of their chosen country by the end of week 2. These presentation will take place in lectures – starting week 5. Students can select themselves into groups on wattle – the groups for case studies and paper presentations will be the same. If there are any difficulties, please let the lecturer know. Up to 3 students per group. But this can change based on the number of students.

Initial presentation (weighting – 5%)

In weeks 5 and 6, each group will give a 15-minute presentation accompanied by PowerPoint slides on their chosen country. This will include a 10-minute outline of the main research questions and findings and a 5-minute discussion. During the presentation, each group should:

·        Explain the key challenges faced by the country of their choice

. Outline key growth drivers for that country (current an dpo

·        Outline data and graphs of the key variables

·        Link their analysis to key variables and models discussed in the class

·        Provide preliminary diagnostics and potential policy recommendations

Final presentation (weighting – 10%)

In week 9, each group will give a 30-minute presentation accompanied by PowerPoint on their chosen country. This will include a 20-minute presentation expanding on the initial presentation, and a 10 minute discussion. During the presentation, each group should explain:

·        The importance of the key variables chosen

·        Detailed diagnostic analysis and policy recommendations

All students will be asked to present via zoom during the class. In case of internet connection issues, the students can approach the lecturer and ask to submit recorded videos.

Written component (weighting – 5%)

Power point slides presented will be given a mark. They must not exceed 30 slides. Font size should be readable and not smaller than 18.

Presentation slides are due the Friday before the actual presentation. 

Marking criteria

Marks awarded will reflect the overall presentation, taking into account all criteria:

·        Ability to concisely explain the choice of variables

·        Accurately focusing on the key growth drivers of the country

·        Link key variables to growth theory

·        Detailed and accurate diagnostic analysis of the country

·        Explain the key problems of the country

·        Formulation of policy recommendations

·        Oral presentation and PowerPoint.

·        The written component is clear and concise.

·        Attendance for these sessions.

Attendance.

Presentations will be video recorded (separately to Echo360), which will enable later validation and verification of assessment if required (in accordance with point 7 in the ANU Student Assessment (Coursework) policy)

A detailed rubric will be provided in week 2.

Please try not to put too much material on each slide.

Note that PowerPoint presentations must be provided to the Lecturer via email the day prior to the presentation.

Assessment Task 2

Presentation on papers- initial presentation

Recorded.

Journal paper presentation

Students are required to select a journal paper from the list below to be used as the basis for two presentations. These presentation will take place in lectures – starting week 4. Students can select themselves into groups on wattle – the groups for case studies and paper presentations will be the same. If there are any difficulties, please let the lecturer know.

Initial presentation (weighting – 5%)

In week 4, each group will give a 15-minute presentation accompanied by PowerPoint slides on the chosen paper. This will include a 10-minute outline of the main research questions and findings, and a 5-minute discussion. 

The first presentation will not require too much detail, it will be just a basic summary. Students will be given marks if they can explain the research question, main results, a brief introduction on how the results were achieved and naming some preliminary ways of extending the paper. 

Final presentation (weighting – 5%)

From week 7, groups will give a 50-minute presentation accompanied by PowerPoint slides on the same paper. This will consist of a 35-minute presentation and a 15-minute discussion. A PDF of PowerPoint slides needs to be submitted on Friday the week before the presentation.

The presentation must include the motivation of the paper, key insights, literature review, methodology and data, key results and possible extensions (including viable estimation technique, availability of data and policy lessons).

Marks will be given on both the PDF of the presentation and the actual presentation itself.

All students will be asked to present via zoom during the class. In case of internet connection issues, the students can approach the lecturer and ask to submit recorded videos.

Written component (weighting – 10%)

Assignment 3000 words based on the paper presentation. Due end of week 11.

Marking criteria

Marks awarded will reflect the overall presentation, taking into account all criteria:

-         Ability to understand, summarise and critique the journal paper

-         Ability to identify and explore ways of extending the paper (final presentation)

-         Ability to answer questions and engage with discussion

-         Ability to engage with all the important aspects of the paper

-         Presentation on the slides and ability to communicate

-         Oral presentation and PowerPoint.

-         The written component is clear and concise.

-         Attendance.

-  Team members will be asked about performance of other team members. Free rider behaviour may be penalized.

A detailed rubric will be provided in week 2.

Please try not to put too much material on each slide.

The journal papers to select from are outlined below. Note that PowerPoint presentations must be provided to the Lecturer via email the day prior to the presentation.

1.     Acemoglu, Daron, Simon Johnson, and James A. Robinson. "The Colonial Origins of Comparative Development: An Empirical Investigation." American Economic Review 91, no. 5 (2001): 1369–401.

2.     Mauro, Paolo. "Corruption and growth." The quarterly journal of economics 110.3 (1995): 681-712.

3.     PaulCollier DavidDollar (2002). ‘ Aid allocation and poverty reduction’   European Economic Review Volume 46, Issue 8, September 2002, Pages 1475-1500

4.     Mankiw, N. Gregory, David Romer, and David N. Weil. "A Contribution to the Empirics of Economic Growth." The Quarterly Journal of Economics 107, no. 2 (1992): 407–437. (NBER Working Paper No. 3541)

5.     Robert E. Hall, Charles I. Jones (1988). “ Why Do Some Countries Produce So Much More Output” Quarterly Journal of Economics.

All of the journals should be in the Chifley Library, and many of the papers can be viewed online or downloaded through the Library Catalogue on the Internet.

Assessment Task 3

Final Exam

A final (online) exam will be held during the ANU final exam period. The exam will cover material presented throughout the entire course. The final exam is compulsory to attend and will count 55% to your final grade. The exam involves short and longer style questions/answers. Length of the exam is 2.5 hours (plus reading time). Further details will be given in lectures in week 10.

Final exams will be via zoom and invigilated. 15 mins extra will be given to upload the answers via wattle assignments.

Assessment Task 4

Class participation

This task marks students on class participation. This includes attendance, answering questions during live lectures, participating in classes, participating in own groups assignments, asking questions during presentations of other groups and participating on class forums.

This course will be delivered live and with one lecture pre-recorded (all lecturers will be available via Echo360 recordings). All tutorials will be live.

This is linked to learning outcomes 1, 2 and 3. Students will receive feedback regularly on a weekly basis plus at the end of each assignment

Academic Integrity

Academic integrity is a core part of the ANU culture as a community of scholars. At its heart, academic integrity is about behaving ethically, committing to honest and responsible scholarly practice and upholding these values with respect and fairness.

The ANU commits to assisting all members of our community to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to be familiar with the academic integrity principle and Academic Misconduct Rule, uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with.

The Academic Misconduct Rule is in place to promote academic integrity and manage academic misconduct. Very minor breaches of the academic integrity principle may result in a reduction of marks of up to 10% of the total marks available for the assessment. The ANU offers a number of online and in person services to assist students with their assignments, examinations, and other learning activities. Visit the Academic Skills website for more information about academic integrity, your responsibilities and for assistance with your assignments, writing skills and study.

Online Submission

You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.

Hardcopy Submission

For some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.

Late Submission

Individual assessment tasks may or may not allow for late submission. Policy regarding late submission is detailed below:

• Late submission not permitted. If submission of assessment tasks without an extension after the due date is not permitted, a mark of 0 will be awarded.

Referencing Requirements

Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.

Returning Assignments

All assessment will be returned within two weeks of due date (except for the final exam).

Extensions and Penalties

Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. Extensions may be granted for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.

Resubmission of Assignments

n/a

Privacy Notice

The ANU has made a number of third party, online, databases available for students to use. Use of each online database is conditional on student end users first agreeing to the database licensor’s terms of service and/or privacy policy. Students should read these carefully. In some cases student end users will be required to register an account with the database licensor and submit personal information, including their: first name; last name; ANU email address; and other information.
In cases where student end users are asked to submit ‘content’ to a database, such as an assignment or short answers, the database licensor may only use the student’s ‘content’ in accordance with the terms of service – including any (copyright) licence the student grants to the database licensor. Any personal information or content a student submits may be stored by the licensor, potentially offshore, and will be used to process the database service in accordance with the licensors terms of service and/or privacy policy.
If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the student will not be able to access and use the database. In these circumstances students should contact their lecturer to enquire about alternative arrangements that are available.

Distribution of grades policy

Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.

Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.

Support for students

The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).

• ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
• ANU Diversity and inclusion for students with a disability or ongoing or chronic illness
• ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
• ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
• ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
• ANUSA supports and represents undergraduate and ANU College students
• PARSA supports and represents postgraduate and research students