Theory of Economic Growth

    Course Code: 
    1861
    Semester: 
    8th
    Specialization Courses
    Specialization: Economic Theory and Policy
    Specialization: International and European Economics

    Course Description

    Introduction to modern theories of Economic growth. The phenomenon of economic growth and description of its basic characteristics. Models of modern economic growth theory. Preferences and dynamic problem of the representative household, technology and dynamic problem of the representative enterprise, supply and demand and the sequence of prices and quantities in the general equilibrium point. The various models of exogenous and endogenous economic growth. Each model’s presentation is accompanied by systematic comparison of the model’s predictions with the basic characteristics of economic growth and we examine the model for economic policy planning.

    Indicative Course Prerequisites: Macroeconomic Theory ΙΙ