Course Code & Number
ECON 421
Course Title
Economic Growth
Level
BS
Credit Hours/ ECTS Credits
(3+0+0) 3 TEDU Credits, 6 ECTS Credits
Year of Study:
Senior
Semester:
Fall
Type of Course:
Elective
Mode of Delivery:
Face-to-face
Language of Instruction:
English
Pre-requisite / Co-requisite::
Pre-requisites: ECON 222
Co-requisites: NONE
Catalog Description
Neoclassical and recent growth theories. Solow growth model and Cass- Koopmans model. Endogenous growth theory. Models of endogenous technological progress and technological diffusion.
Course Objectives
The aim of this course is to introduce students to growth theory and the empirical evidence on these theories. This course will provide an introduction to the exogenous and endogenous growth models. Students will understand growth accounting.
Course Learning Outcomes
Upon succesful completion of this course, a student will be able to
1. Establish Ramsey growth model.
2. Compare and contrast exogenous and endogenous growth theories.
3. Solve exogenous and endogenous growth models.
4. Discuss the impact of technological change in growth.
5. Compare and contrast the role of labor supply and population in growth models.
6. Identify and discuss major economic issues of the day with respect to promoting or hindering growth.