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Last updated:

October 22, 2022

Duration:

Unlimited Duration

FREE

This course includes:

Unlimited Duration

Badge on Completion

Certificate of completion

Unlimited Duration

Description

Introduction to the theories of economic growth.

Topics will include basic facts of economic growth and long-run economic development; brief overview of optimal control theory and dynamic programming; basic neoclassical growth model under a variety of market structures; human capital and economic growth; endogenous growth models; models with endogenous technology; models of directed technical change; competition, market structure and growth; financial and economic development; international trade and economic growth; institutions and economic development. This is a half-term subject. The class size is limited.

Course Curriculum

  • An Introduction to Growth Models and Growth Facts Unlimited
  • The Neoclassical Growth Model Unlimited
  • Using the NGM Beyond Growth: Asset Pricing, Public Finance, Overlapping Generations Unlimited
  • Endogenous Growth I: AK, Spillovers, Human Capital Unlimited
  • Endogenous Growth II: R&D, Varieties vs. Quality, Directed Technological Change Unlimited

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Massachusetts Institute of Technology
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