FINANZA E CRESCITA

1.Knowledge and understanding. Preliminary knowledge of the main theoretical and analytical literature on economic growth. Knowledge of the main economic mechanisms that contribute to the economic development of countries driven by financial institutions.

2. Applying knowledge and understanding. Interpretation of growth models according to the impact of financial markets. Ability to read and interpret the facts concerning the relationship between finance and growth with particular attention to financial crises. Development of empirical exercises to evaluate the impact of monetary and financial policy measures and their effects on macroeconomic variables.

3. Making judgments. Discussion of the problems of economic growth and of financial interventions in support of it. Interpretation of empirical data, through the use of basic statistical-econometric tools, on the relationship between finance and growth.

4. Communication skills. Development of a suitable technical language to improve the understanding of scientific papers on the topic and discussion of the relationship between theoretical models and empirical evidence.

5. Learning skills. Application of the theoretical knowledge to case studies. Development of critical assessments of monetary and financial policies aimed at influencing the growth of regions and countries.

Traditional frontal teaching activities. Class discussion of scientific papers.

1. Introduction: The Facts of Economic Growth
2. The Solow Model
3. Empirical Applications of Neoclassical Growth Models
4. The Economics of Ideas
5. The Engine of Growth
6. A Simple Model of Growth and Development
7. Social Infrastructure and Long-Run Economic Performance
8. Population and the Origin of Sustained Economic Growth
9. Alternative Theories of Endogenous Growth
10. Natural Resources and Economic Growth
11. Understanding Economic Growth

Class discussion of the most recent scientific papers on finance and growth.

- Jones, Charles I., and D. Vollrath. "Introduction to Economic Growth. W. W." - 3rd edition.

- Selection of the most recent scientific articles on the topic of Finance and Growth. Those readings will be provided during the course and made available on the webpage “Studium”: http://studium.unict.it/