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Economic growth (6 points)



Not offered in 2003.

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%

Contact Hours: Two 1.5-hour lectures per week

Prerequisites: ECC2000 or equivalent

Prohibitions: ECC3684

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