Macroeconomics II | Humanities & Social Sciences

Macroeconomics II

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Course Objective

Primary objective of this course is to introduce students with the process of economic growth and the long run sources of differences in economic performances across nations. Emphasis will be placed on developing theoretical toolkit in understanding growth mechanics. It is intended that this course will make students learn some of the workhorse models in modern macroeconomics, namely - Solow-Swan model, endogenous growth models, Ramsey and dynamic macroeconomic models, heterodox models, etc.

Course Content

The course aims to develop an understanding of the process of economic growth and income distribution in an economy. Historical and contemporary experiences of countries on growth and developmental outcomes will be dealt with in this course. The impacts of capital accumulation, technological progress, and international trade on economic performance will be discussed. Further, this course will focus on how global capital movements, domestic institutions and political economy can affect economic growth and development.
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