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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This subject considers three topics of macroeconomics that are alive and controversial for policy today. The topics are: economic growth - the roles of capital accumulation, increased education, and technological progress in determining economic growth; savings - the effect of government and private debt on economic growth; and exchange-rat
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Tag(s):
- economics
- exchange-rate
- great depression
- capital accumulation
- economic growth
- public debt
- private debt
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This half semester class presents an introduction to macroeconomic modeling, focusing on the theory of economic growth and some of its applications. It will introduce a number of models of non-stochastic and stochastic macroeconomic equilibrium. It will use these models to shed light both on the process of economic growth at the world level
Author(s):
Tag(s):
- economics
- economic growth
- development
- modern
- world income distribution
- solow growth model
- income differences
- neoclassical growth
- optimal and competitive allocations
- welfare theorems
- overlapping generations
- dynamic efficiency
- growth under uncertainty
- incomplete markets
- neoclassical endogenous growth
- capital accumulation
- externalities
- h
2 results found.
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