GROWTH ECONOMICS and Fundraising in international cooperation SECSP

GROWTH ECONOMICS and Fund-raising in international cooperation SECS-P 01, CFU 9 Growth Economics academic year 2018 -19 0. Course information and outline Roberto Pasca di Magliano Fondazione Roma Sapienza-Cooperazione Internazionale roberto. pasca@uniroma 1. it

General Information u Magistral cource «Economics for Development» u Pre-requisities: Ø good knowledge of basic economic theories, both micro and macro u Approach: growth theory vs. empirical application and real experiences u Lectures: Tuesday 3 pm (aula Blu 5), Wensady 9 am (aula P 1, close to the Curch) u Examination: oral and written in presence, students’ papers accepted as partial evaluation u Cultore della materia: dr. Andrea Ranelletti, andrea. ranelletti@gmail. com Roberto Pasca di Magliano 2018 -19 Pagina 2

Objectives 1. Basic concepts: Ø Main micro and macroeconomic issues Ø Theories and Models 2. Theory of Growth: Ø Classical approach Ø Technical Progress Ø Keynesian model Ø Neo Classical model Ø Human capital Ø Endogenous growth models 3. Political Economy of Growth: Ø Governance Ø Digital Transformation and Sharing Economy 4. Case Studies: Ø Ø Italy and European Union Governmental & Companies’ opinion leaders Roberto Pasca di Magliano 2018 -19 Pagina 3

Outline 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Introduction to Economics: Introduction to the fundamentals of both macro and micro economic studies Main School of Thought Introduction to Growth Economics: Definition of growth and main differences to development economic. Classical Theories: An overview of the main features relevant to the study of growth economics Harrod-Domar Model: Presentation of the first keynesian model of growth Schumpeter’s contribution to the growth theory: Destructive role of innovation and the impact on the market structure The Solow Growth Model: presentation of the first neo-classical model of growth Technological Progress: Production function with technical progress, Kuznet investment cycle Innovation transfer to Sme’s: Research and development, financial tools to support start-up growth Human Capital Models: Presentation of endogenous growth models Capitalism and crises: Discussion of main issues Democracy, Education and Governance: Relationship between free market and democracy, rules for good governance Finance for development: Analysis of the main instruments and their social impact Sovereign Wealth Funds: Role and strategy of one of the main financial instrument sustain capital accumulation Fund-raising laboratory Roberto Pasca di Magliano 2018 -19 Pagina 4

Books for the exam 1. Pasca di Magliano Roberto, Growth Economics and Governance: Theories and models”, edition Nuova Cultura, Roma 2017 (available at Chioschi Gialli in e. Book and paper print) 1. slides from the lectures on Growth Economics 2. additional Papers or slides on Fund-raising in international cooperation Roberto Pasca di Magliano 2018 -19 Pagina 5