Economics 363 - Economic Growth

Fall Semester 2007

Class notes

August 30

Introduction to the course

September 3

The big issues: theory

September 5

The big issues: contemporary evidence

(no notes; we met in the TRC without a computer)

September 7

The big issues: long run evidence

September 11

Thinking about growth from Smith to Mill

September 13

Marshall, Keynes and the Underground River

September 17 Harrod-Domar and the financing gap
September 19 The Solow model: basic structure
September 21 The Solow model: comparative statics
September 25 The Solow model: transition dynamics
September 27 The Solow model: adding exogenous technical change
October 2 Exam review
October 8 Growth accounting: basics
October 10 Growth accounting: applications
October 16 Why did growth theory hibernate for twenty years?
October 18 Returned exams; no notes
October 22 Looking for magic bullets
October 24 Education of an economist: Paul Krugman and Paul Romer
 October 26 Endogenous growth?
October 30 Convergence or...

No notes.  We used the Barro article's graphs and discussed them verbally in class

November 1 ...divergence...
November 5 ...and what about international trade in goods... ...and international capital flows?
November 9 Extending the Solow model: human capital, part 1
November 13 Extending the Solow model: human capital, part 2
November 19 The economics of ideas
November 26 The Romer model: basic structure
November 28 The Romer model: macroeconomic implications

(Plus: note on deriving the steady-state level of output per worker)

November 30 The Romer model: microeconomic foundations
December 4 The complete Romer model
December 6 The follower-leader model
December 12 Romer model with numbers
December 14 Taxonomy of models