At the heart of an understanding of the dynamics of market or capitalist economies is an understanding of economic growth. This unit is an introduction to the analysis of economic growth including a comparison of competing explanations within formal growth theory. It considers the connection between growth and distribution, growth and technical progress, the role of economic policies and economic institutions in promoting growth as well as the limitations on growth associated with exhaustible natural resources. Lectures also provide some consideration of the empirical evidence on different explanations of growth.
1x2hr lecture/week, 1x1hr tutorial/week
2x in-class tests (40%) and 1.5hr Final exam (60%)
(ECOS2001 or ECOS2901) and (ECOS2002 or ECOS2902)