Growth and Distribution: Theory - Einzelansicht

Description:

The course is open for M.A.and Ph.D. students. The objective of the course is to give an overview over modern theories of economic growth. The formal presentation uses the continuous--time framework in order to equip the students with the formal tools required to analyze continuous-time  economic dynamics. Besides looking at growth models, the lecture addresses also related topics like the distribution of wealth and income, exhaustible resources and stochastic growth models.

• Formal Prerequisites: Differential Equations and Theory of Optimal Control
• The Neoclassical Growth Model
• The Ramsey Model
• First Generation Models of Endogenous Growth
• Second Generation Model of Endogenous Growth
• Stochastic Growth
• Distribution of Wealth and Income

•  Acemuglu, D., (2009), Introduction to Modern Economic Growth (Princeton University Press).
•  Barro, R. & Sala-i Martin, X., (2004), Economic Growth (MIT-Press), 3rd edn.

Further references and recommendations for further reading will be given during the course

This course is also open for Ph.D. students. Interested students should contact the chair and visit the first lecture on April 20 for further information.

Written exam: Duration: 90min. (M.A. students) / 120 min. (Ph.D. students)