Post-Graduate School. Module 5: Macroeconomics-1
“Post-Graduate School”
Module 5: Macroeconomics-1. Growth model: Motivation, Foundations and Applications.
April 19-23 May 3-7, 2010. Belarusian State University, Minsk, 31 Marksa st. (Economics Department)
Instructor: Katerina Lisenkova (klisenkova@gmail.com), Research Fellow, University of Strathclyde, Fraser of Allander Institute, Department of Economics
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Date
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Time
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Room
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03.05
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17:25
18:55
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407
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04.05
|
17:25
18:55
|
63
|
|
05.05
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18:55
20:15
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404
|
|
06.05
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18:55
20:15
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404
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07.05
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08:15
09:45
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86
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DESCRIPTION:
The aim of the course is to expose students to current theories of economic growth and their implications for understanding key macroeconomic issues. Economic growth is discussed in the context of neoclassical growth models and the more recent endogenous growth theories. The empirical relevance of the different theories is assessed critically.
READINGS:
The course is based on the following books (the lecture notes will be provided)
- D. Romer (1996, 2006) Advanced Macroeconomics, McGraw-Hill.
- R. J. Barro and X. Sala-i-Martin (2004) Economic Growth, McGraw-Hill.
- Charles I. Jones (1998) Introduction to Economic Growth, W. W. Norton & Company, Inc.
TOPICS:
Lectures 1-2: Basic facts about economics growth. The central questions of growth theory. Solow growth model
Lectures 3-4: Growth models with consumer optimization. Ramsey growth model
Lectures 5-6: Over-lapping generation growth model. Growth accounting
Lectures 7-8: Explaining observed economic growth. Models with human capital. Endogenous growth models.
Lectures 9-10: Application of the growth models in the Computable General Equilibrium (CGE) modeling. Basics and example.
