ECON-812 Macroeconomic Analysis II (3)

This course is largely about the nature of long-run economic growth. In addition to being a crucial part of macroeconomics that addresses the key question of what determines the vast inequality in living standards around the world, growth theory offers a rich toolkit of methods used by economists in a variety of applications. The course first introduces a series of workhorse models, the important frameworks of long-run macroeconomic analysis, and applies them to examine the proximate factors of economic growth. The course then reviews recent developments in the field on both theoretical and empirical fronts. These include unified growth theory (explaining the fundamental transition from stagnation to modern economic growth), the intricate relationship between inequality and growth, and the role of deep roots of development such as institutions, geography, history, and culture. Usually Offered: spring. Prerequisite: ECON-802. Restriction: PhD program.