This is one of the UPCES courses (the Undergraduate Program in Central European Studies); comprehensive information is available at https://bakalar.fhs.cuni.cz/SHV-211.html. Why are some countries poor and other countries rich? What are the factors of growth? What is the role of political and economic institutions in the development process? How can aid foster growth and development? This course aims to address these questions in view of the theory and empirics of economic growth.