Growth and Distribution: Theory - Einzelansicht

Description:

The course provides a comprehensive introduction to modern theories of economic growth. It explores the key models that explain the dynamics of long-run growth and examines the fundamental factors that drive economic development over time. Beyond that, the lecture looks at the connection between growth and the distribution of income and wealth, as well as the implications of limited natural resources for sustained growth.

• The Neoclassical Growth Model
• The Ramsey Model
• First Generation Models of Endogenous Growth
• Second Generation Models of Endogenous Growth
• Growth and the Distribution of Income and  Wealth

•  Acemuglu, D., (2009), Introduction to Modern Economic Growth (Princeton University Press).
•  Barro, R. & Sala-i Martin, X., (2004), Economic Growth (MIT-Press), 3rd edn.
• Jones, C. & Vollrath, D., (2023), Introduction to Economic Growth (Norton), 4th edn.

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

Written exam: Duration: 90min. (M.A. students)