Economics
 

Economic Growth

Economic Growth
Theory and evidence relating to economic growth, including physical and human capital accumulation, population, technological change, institutions, and government.
ECON
432
 Hours3.0 Credit, 3.0 Lecture, 0.0 Lab
 PrerequisitesECON 381 & ECON 388; or ECON 380 & ECON 381 & POLI 328
 TaughtFall, Winter
 ProgramsContaining ECON 432
Course Outcomes: 

Econ 432 students will be able to

  1. Adjust values in one currency to values in another currency controlling for purchasing power parity (PPP) deviations.
  2. Demonstrate an understanding of basic dynamic models of economic growth, including:
  • The Solow model
  • The Solow model with population growth
  • The Harrod-Domar model
  • AK models
  • Models of product variety
  • Schumpeterian models.
  1. Discuss growth and development accounting, and decompose observed differences across countries into efficiency and technology components.
  2. Discuss Lorenz curves and Gini coefficients.
  3. Discuss how growth interacts with:
  • Population & demography
  • Human capital
  • Technical progress
  • Openness
  • Government
  • Inequality
  • Culture
  • Geography, Climate & Resources.