The Solow Growth Model and the Ramsey Growth Model will be presented, followed by variations and extensions with product variety, product quality, technology diffusion, and human capital. Selected topics on income inequality, social mobility, institution, natural resources, unemployment, migration, finance, and others in relation to growth theory will be examined. Recent empirical studies on economic growth will be discussed and assessed.
Programme: ECON(HSS)
The Solow Growth Model and the Ramsey Growth Model will be presented, followed by variations and extensions with product variety, product quality, technology diffusion, and human capital. Selected topics on income inequality, social mobility, institution, natural resources, unemployment, migration, finance, and others in relation to growth theory will be examined. Recent empirical studies on economic growth will be discussed and assessed.