This course gives an overview of the role of technical change in Economics. It is the extension of the earlier course on technical change in Macroeconomics. The lectures consist of the overview of different mathematical models which include technical change both at the macro level (endogenous growth theories) and some models in Industrial Organization, mainly of differential games type. The goal of the course is to give students benchmarks of modelling techniques in the field to stimulate their own research and give an impression of the central role technical change models play in modern day Economics. The course includes both classical models from 1960 and the most recent advances in the field. The interrelationships between technical change, competition, productivity and environment are also discussed throughout the course.
There are no special requirements for this course. Some basic knowledge of dynamic optimization techniques and of the growth theories in Economics would be helpful.
| Module | Course | Requirements | |
|---|---|---|---|
| 31-M-El1 Elective Courses 1 Elective Courses 1 | Chosen course from the group "Specialisation and deepening of the knowledge on economic theory and/or quantitative methods" 6 LP | Student information | |
| 31-M-El2 Elective Courses 2 Elective Courses 2 | Chosen course from the group quantitative methods 6 LP | Student information | |
| 31-M-El3 Elective Courses 3 Elective Courses 3 | Chosen course from the group economic theory 6 LP | Student information | |
| 31-MM16 Special Subjects of Micro/Macro/Policy Spezialgebiete aus Mikro/Makro/Politik | Fiskalpolitik | Student information | |
| 31-MM16-WiMa Special Subjects of Micro/Macro/Policy Spezialgebiete aus Mikro/Makro/Politik | Fiskalpolitik | Student information |
The binding module descriptions contain further information, including specifications on the "types of assignments" students need to complete. In cases where a module description mentions more than one kind of assignment, the respective member of the teaching staff will decide which task(s) they assign the students.
| Degree programme/academic programme | Validity | Variant | Subdivision | Status | Semester | LP | |
|---|---|---|---|---|---|---|---|
| Bielefeld Graduate School in Theoretical Sciences / Promotion | |||||||
| Economics and Management (BiGSEM) / Promotion | 4 |