Theory of Economic Growth
Introduction to modern theories of Economic growth. The phenomenon of economic growth and description of its basic characteristics. Models of modern economic growth theory. Preferences and dynamic problem of the representative household, technology and dynamic problem of the representative enterprise, supply and demand and the sequence of prices and quantities in the general equilibrium point. The various models of exogenous and endogenous economic growth. Each models presentation is accompanied by systematic comparison of the models predictions with the basic characteristics of economic growth and we examine the model for economic policy planning.
Indicative Course Prerequisites: Macroeconomic Theory ΙΙ