|
TOPIC
17
Economic
Growth and Development
Note:
the first time you go through each of these topics you should click on
the following items in sequence.
Read
hypertext selection
Go
to the lecture
Part
"a"
Part
"b"
Take
a quick quiz
Work
a problem
Discuss
an issue
RETURN
|
In this concluding topic for
the course attention shifts from the analysis of cyclical and other short
term aspects of economic performance to how economies change over long
periods of time.
Objectives:
-
to provide a concise review
of the theory of long-term economic change
-
to consider different perspectives
economists have taken on issues of the environment compared to those of
physical scientists
-
to explore the possibility that
there may be social limits to growth
-
to introduce growth accounting
techniques based on neo-classical models, the puzzle of the "Solow residual",
and the concept of total factor productivity
-
to introduce the "new growth
theory" and the idea of endogenous technical change.
|