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Economic Growth and Development

This course is expected to run but has not yet been scheduled.

Course Description

Why are some countries so much richer than others? Why is the standard of living in developed countries like the United States so much higher today than it was 100 years ago? Are there policies that poor countries can implement that will help them catch up with those that are rich? Will growth in rich countries continue on its current trend, so that our grandchildren will look back in horror at our primitive standard of living? Does the earth have enough natural resources to sustain a rich-country standard of living for all of its residents? Is globalization good or bad for economic growth?

This course examines these and other questions that arise in considering the determinants of economic growth. Among the topics covered are the causes and effects of population growth, technological progress, its international diffusion, globalization, government policy, income inequality, natural resources, and cultural effects on economic progress. The course presents a wealth of data from developed and developing countries as well as case studies and the application of economic models.