This course explores theoretical developments in the analysis of economic growth and introduces current debates on evidence and policy relevant to the growth performance of both developed and developing economies. The course is structured around a series of key papers from journals. The theoretical material is reinforced by tutorial exercises that require students to understand and interpret the mathematics and economics of the growth models.

Students who successfully complete this course will:

• understand how growth models have developed and changed over time;
• know about the theoretical developments in the analysis of economic growth;
• be introduced to current debates on evidence and policy relevant to the growth performance of both developed and developing economies.

• Tutorial assignments (best 4 / 5) 20 %
• 1 Essay (3-4,000 words) 20 %
• Final Exam 60 %

An honours degree in Economics with H2A or higher, or completion of a Graduate Diploma in Economics with an exit grade of Merit or better

1. The standard neo-classical growth model with exogenous investment (Solow-Swan) and with optimal investment (Ramsey).

2. Differential equations and principles of static and dynamic optimisation (e.g. Barro and Sala-i-Martin, Economic Growth, Appendix on Mathematical Methods).

Potential students who are not familiar with these topics must discuss with the lecturer their suitability for this course.  They can read up on these topics in the Barro text.

A list of essential readings will be distributed at the beginning of the semester.  See   http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8050

Please see Course Website