Course Description
Theory and evidence relating to economic growth, including physical and human capital accumulation, population, technological change, institutions, and government.
When Taught
Fall and Winter
Min
3
Fixed/Max
3
Fixed
3
Fixed
0
Prerequisite
Fulfill ANY of the following requirements:
Complete ALL of the following Courses:
- 01577-002
AND 01580-001
OR
Complete ALL of the following Courses:
- 01566-040
AND 01577-002
AND 07002-002
Title
Econ 432 students will be able to
Learning Outcome
Adjust values in one currency to values in another currency controlling for purchasing power parity (PPP) deviations.Demonstrate an understanding of basic dynamic models of economic growth, including:The Solow modelThe Solow model with population growthThe Harrod-Domar modelAK modelsModels of product varietySchumpeterian models.Discuss growth and development accounting, and decompose observed differences across countries into efficiency and technology components.Discuss Lorenz curves and Gini coefficients.Discuss how growth interacts with:Population & demographyHuman capitalTechnical progressOpennessGovernmentInequalityCultureGeography, Climate & Resources.
