Economic Growth: Theory and Applications

Theory and experience of economic growth in developed and underdeveloped economies. Models of exogenous growth; recent studies employing techniques of dynamic analysis that emphasize the endogenous nature of growth and the role of factors such as innovation and learning by doing. Applications to the areas of macroeconomics, dynamic trade theory, and economic development. Not open to students who have taken or are currently taking Economics 118 or its equivalent. Prerequisite: Economics 11. In no case may a student receive credit for both Economics 116 and Economics 118.