ECON 551 Studies in Growth and General Equilibrium Modeling I
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The course focuses on the general equilibrium properties of economies in dynamic movement. Theories of new growth and computation of transitional versus steady state dynamics are discussed and modeled using dynamic programming techniques. The Walrasian general equilibrium system is extended to study Grossman-Helpman-Romer type of endogenous growth based on R and D formation, and the economics of human capital -intensive, knowledge- driven endogenous growth. Dynamic Applied General Equilibrium is modeled to address contemporary issues on growth, accumulation and savings.
Credit units: 3 ECTS Credit units: 6.
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