Aims: To provide an account of the modern economic analysis of economic growth; though the unit draws appropriately on standard mathematical and numerical techniques, much emphasis is on economic intuition and political relevance.
Learning Outcomes:
Students should:
* be able to understand and critically appraise the analytical models and empirical evidence relevant to understanding the causes of differences in long-term growth performance across countries and regions;
* have sufficient skills to begin to formulate growth models competently.
Skills:
Ability to develop rigorous arguments through precise use of concepts and mathematical models (Taught/Assessed/Facilitated).
Content:
The basic neo-classical model. Overlapping generations. Optimal growth. Endogenous growth. Human capital. Imperfect Credit Markets. Inequality, Redistribution and Growth. R&D and Growth. Institutions, Culture and Growth.
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