Advanced Macro Theory: Economic Growth
Home Page Last Updated: 18 January 2003
Latest Section Offering: Spring 2003 (First Five Weeks)
A basic goal of macroeconomic theorists is to understand how key macro variables (employment, output, price levels...) change over time. One particular concern is economic growth, the relative change in the size of economies over time as measured (for example) by real per capita gross domestic product. At present, disagreements remain concerning the primary determinants of long-run economic growth for decentralized market economies. Another unresolved issue is the need to explain the lack of convergence of growth rates among world economies. Major disagreements also persist concerning the extent to which government policy makers can influence economic growth, and the extent to which they ought to do so.
During the first five weeks of Econ 602 we will examine several influential economic growth models in an attempt to understand fundamental agreements and disagreements that are shaping much of the current debate among macroeconomists specializing in economic growth. Although careful attention will be paid to basic technical modelling aspects, the main stress of this section of Econ 602 will be on the usefulness of alternative economic growth models for the examination of empirically substantive issues.
If you have a disability and require accommodations for this course, please contact the instructor early in the semester so that your learning needs can be appropriately met. You will need to provide documentation of your disability to the Disability Resources (DR) office, located on the main floor of the Student Services Building, Room 1076, 515-294-6624.