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Crawford School of Public Policy

Economic Growth

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Description

Economic growth policies are one of the most challenging and important tasks for any government. Analysis on economic growth is becoming increasingly important as the government in Australia looks to sustain economic growth post the mining boom. Innovation and economic growth policies are key priorities for the government as outlined in the National Innovation and Science Agenda and the Australian Innovation System reports by the federal governments. This program provides an overview of the economics of growth and covers the basic economic foundations and tools required to consider and design economic growth policies. The focus of this course will be on how economists can communicate better on the interplay between economic growth and a range of public policy activities across the Australian Public Service.

Course overview

Economic growth policies are one of the most challenging and important tasks for any government. Analysis on economic growth is becoming increasingly important as the government in Australia looks to sustain economic growth post the mining boom. Innovation and economic growth policies are key priorities for the government as outlined in the National Innovation and Science Agenda and the Australian Innovation System reports by the federal governments. This one-day program provides an overview of the economics of growth and covers the basic economic foundations and tools required to consider and design economic growth policies. Drawing on basic microeconomic tools, this course covers a wide variety of important economic growth topics namely:

  • stylized facts, main concepts and framework for analysis;
  • Solow Model;
    • physical capital
    • population
    • human capital
  • productivity and the economics of ideas;
  • measuring productivity and growth accounting;
  • the role of technology in economic growth ;
  • efficiency;
  • the role of government and economic growth;
  • empirics of economic growth – long term sources of economic growth;
  • the role of institutions; and
  • inequality and its interplay with economic growth

Experts

Robert Breunig is the director of the Tax and Transfer Policy Institute at the Crawford School of Public Policy. From 2015 to 2016 he was the Director of the Crawford School of Public Policy. Professor Breunig is one of Australia’s leading Public Policy Economists. He has published in over 50 in...
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