Authorised by Academic Registrar, April 1996
Objectives On completion of this subject students should have a detailed and critical understanding of the principal theories of economic growth; and be able to draw their own conclusions about the contributions, limitations and potential applicability of different growth theories.
Synopsis Neoclassical, post-Keynesian and Marxian theories of economic growth are developed and critically analysed in this subject. The controversies in the definition and measurement of capital are outlined. The subject will consider the `Neo-Ricardian' and Marxian work in value, distribution and growth theory. Finally, the Marxian critique of Neo-Classical and neo-Ricardi analysis is discussed.
Assessment Written (essay): 50% + Examination (3 hours): 50%