TERM: Spring 2016
LENGTH: 7 weeks: from January 4th to February 19th
DEGREE PROGRAMME: Philosophy – Politics – Economics (PPE)
LANGUAGE: Lectures and course materials in English
INSTRUCTORS: Dr. Francesco Macheda, Adjunct Professor
OFFICE: Suðurgata 10, Reykjavik 109
OFFICE HOURS: Monday-Friday 9:30-11.00 a.m.
CONTACT: Email email@example.com; Phone +354-661-6027
TEACHING METHOD: Lectures, interactive and class discussions, group and personal meetings, presentations and assignments.
PREREQUISITES: There are no formal pre-requisites for taking this module. Students are recommended to have the basic concepts of microeconomics before starting this course. Nevertheless, students with a limited knowledge will not be at a disadvantage, since these concepts will be reviewed in the first part of the course.
The purpose of the course is to provide the analytical tools to study the growth process in a realistic manner. These tools are able to account for the long run-growth based on the new ideas (technologies) created by the creative mental labor. This course is based on the principle that the original source of all value-added to products is the input of labor-power, which creates new technologies and uses the technologies at hand. In this context, creative-mental abilities of labor-power deserve special attention for being the source of all technologies created. In turn, as firms introduce new technologies, they also, indirectly, induce socio-economic transformations, which inevitably also change the qualitative aspects of life – ranging from educational opportunities, income distribution, housing conditions, infant mortality and life expectancy to political and juridical system. More broadly, this course will inquire into the secret of development, that is, the economic growth plus institutional/social/cultural changes in society. The goal is to guide the students in understanding the internal dynamics of the growth process, which in turn will help them to comprehend the widening gap in technological advance and economic welfare between the developed and less-developed countries.
At the end of this course, students should:
POLICIES REGARDING CLASS PARTICIPATION:
Class participation is very important in this subject. Students will be expected to keep in touch with the me and the rest of the class electronically. I will use electronic mail to contact the students about matters as they evolve in the class. A discussion group on Myschool will also be created, in order to stimulate the participation and the spirit of the group as a whole. For that reason, participation – both virtual and on-campus – will play an important part in students’ grade, as well as making the class a positive experience for them.
Grades in this class will depend upon classroom and electronic participation, two assignments (in the form of written commentaries on readings and short essays) and a final project.
Grades will be made up as follows:
Students should be aware that discrimination and/or other harassment based on race, sex, sexual orientation, national origin, religion, disability, and color won’t be tolerated.