Master of Development Economics (MDE) - Economic Growth ECON 5001   Economic Growth
CREDIT HOURS: 3
Why are some countries much richer than others? Why is income in developed countries so much higher today than it was 100 years ago? Why have poor countries fallen behind, and what can they do to catch-up? Is having a well-educated workforce important for economic growth? The primary aim of this course is to introduce students to the macroeconomics of growth. In the process we would try to provide some answers to the questions posed above. We discuss the theory behind economic growth and also study the quantitative importance of several factors behind growth such as saving, education, as well as technological and institutional change. We will study these factors in isolation, and study the interactions between them. Along the way, we also examine the importance of macroeconomic policies.
FORMAT: Lecture