ECON 432

Download as PDF

Economic Growth

Economics College of Family, Home, and Social Sciences

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

Credit Hours

Min

Fixed/Max

Lecture Hours

Fixed

Lab Hours

Fixed

Learning Outcomes

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.