14.452 Economic Growth, Fall 2008

Acemoglu, Daron

Author(s)

Acemoglu, Daron

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Alternative title

Economic Growth

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Abstract

The basic machines of macroeconomics. Ramsey, Solow, Samuelson-Diamond, RBCs, ISLM, Mundell-Fleming, Fischer-Taylor. How they work, what shortcuts they take, and how they can be used. Half-term subject. From the course home page: Course Description 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 and on sources of income and growth differences across countries.

Date issued

2008-12

URI

http://hdl.handle.net/1721.1/55809

Department

Massachusetts Institute of Technology. Department of Economics

Other identifiers

14.452-Fall2008

local: 14.452

local: IMSCP-MD5-a47c9e47c6a9ea26a1889278829254bd

Keywords

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, human capital, endogenous growth, expanding input varieties, Schumpeterian models, endogenous skill-bias technological change, endogenous labor-augmenting technological change, interdependences, technology diffusion, open economy, trade

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MIT OCW Archived Courses