ECON 453

Economic Growth and Business Cycles

Units: 1.5, Hours: 3-0

Models of economic growth and fluctuations in the medium to long run. Classical, neoclassical and endogenous growth theories and tests of these theories. Roles of capital, human capital, resources and technology in determining growth rates and income levels in different countries. Additional topics may include: monetary theories of the business cycle, effects of demography and social security, international flows of capital, labour and knowledge.

Prerequisites: 350 or 250.

Pre- or corequisites: 225; 345 or 365.

Undergraduate course in Economics offered by the Department of Economics in the Faculty of Social Sciences.