2023 Faculty Courses School of Engineering Department of Industrial Engineering and Economics Graduate major in Industrial Engineering and Economics
Advanced Topics in Macroeconomics
- Academic unit or major
- Graduate major in Industrial Engineering and Economics
- Instructor(s)
- Hiroshi Morita
- Class Format
- Lecture (Face-to-face)
- Media-enhanced courses
- -
- Day of week/Period
(Classrooms) - 1-2 Tue (W9-508) / 1-2 Fri (W9-508)
- Class
- -
- Course Code
- IEE.B432
- Number of credits
- 200
- Course offered
- 2023
- Offered quarter
- 3Q
- Syllabus updated
- Jul 8, 2025
- Language
- English
Syllabus
Course overview and goals
This course teaches the foundation of economic growth as an advanced topic of macroeconomics. The basic knowledge covered in "IEE.B402 : Advanced Macroeconomics" will be required. This course uses various data on macroeconomics to explain important facts on economic growth such as cross-country income difference and industrial structural transformation. Several theories of economic growth are dealt with to improve understandings of empirical facts.
This course has two aims. The first is to teach knowledge about data and important facts on economic growth. The second is to teach the theories of economic growth that explain facts on economic growth.
Course description and aims
By the end of this course, students will
1) Aquire knowledge about data on economic growth.
2) Aquire knowledge about theories of economic growth.
3) Understand relationship between data and theories of economic growth.
Keywords
Economic Growth, Cross-Country Income Difference, Technological Progress
Competencies
- Specialist skills
- Intercultural skills
- Communication skills
- Critical thinking skills
- Practical and/or problem-solving skills
Class flow
This course uses slides to explain the basic knowledge. Complicated calculations and proofs of theorems are expained in detail using blackboard.
Course schedule/Objectives
Course schedule | Objectives | |
---|---|---|
Class 1 | Introduction, -Data on Economic Growth | Understand data on economic growth. |
Class 2 | Facts on Economic Growth | Explain important facts on economic growth. |
Class 3 | Uzawa's Theorem (1) | Explain the conditions for balanced growth. |
Class 4 | Uzawa's Theorem (2) | Explain the conditions for balanced growth. |
Class 5 | Growth Accounting | Explain growth accounting. |
Class 6 | Income Inequality | Do a simply calibration exercise. |
Class 7 | Empirical Studies on Cross-Country Income Difference | Learn empirical studies on cross-country income difference. Explain empirical studies on fundamental cause of cross-country income difference. |
Class 8 | Technological Progress (1) - Introduction | Explain the basic structure of a technological progress model. |
Class 9 | Technological Progress (2) - Household and Firms | Explain household and firm behavior. |
Class 10 | Technological Progress (4) - R&D sector | Explain R&D sector. |
Class 11 | Technological Progress (5) - Equilibrium Dynamics | Explain equilibrium dynamics. |
Class 12 | Technological Progress (6) - Optimal Allocation | Derive the optimal allocation. |
Class 13 | Technological Progress (7) - Optimal Policy | Derive the optimal policy. |
Class 14 | Summary | Summary |
Study advice (preparation and review)
To enhance effective learning, students are encouraged to spend approximately 100 minutes preparing for class and another 100 minutes reviewing class content afterwards (including assignments) for each class.
They should do so by referring to textbooks and other course material.
Textbook(s)
Acemoglu, Introduction to Modern Economic Growth 2009
Reference books, course materials, etc.
All materials used in class can be found on T2SCHOLA.
Evaluation methods and criteria
Homework assignments on data: 50%
Final exam: 50%
Related courses
- IEE.B332 : Applied Macroeconomics
- IEE.B402 : Advanced Macroeconomics
Prerequisites
The basic knowledge covered in "IEE.B402 : Advanced Macroeconomics" will be required.