Economic Growth

Catalog description

This course introduces students to the modern analysis of economic growth. This branch of macroeconomics is concerned with questions such as: What explains the considerable growth in incomes per capita that advanced economies have experienced since the late eighteenth century? Why are some countries so much richer than others? Will poor countries close the gap with rich countries? What is the driving force of growth in the long run? Are the benefits of growth equally shared between different social classes? How does government policy affect growth? How do the underlying characteristics of an economy - such as its institutions, skill distribution, and demographic trends - affect its growth rate?