ECC4368

Economic growth ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: To be advised

Offered:
Not offered in 2005.

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: Three contact hours per week

Prerequisites: ECC2000 or equivalent

Prohibitions: ECC3680