ECC3680

Economic growth

(BUS)

Not offered in 2002

6 points + Two 1.5-hour lectures per week + First semester + Clayton + Prerequisite: ECC2000 or equivalent + Prohibition: ECC3684

Synopsis: The Harrod-Domar model, the Ramsey model, the Solow model, the dual economy model, and other old growth models. New growth models developed by Lucas, Romer, Grossman, Helpman, Yang and Borland. Basic techniques to manage static and dynamic equilibrium models in the course of formalising interesting ideas. Reasons for economic growth and the relationship between economic growth, trade, and institutional changes.

Assessment: Assignments: 30% + Examinations (2.5 hours): 70%