Macroeconomics (advanced level) (Alexey Devyatov)

Block 5. Elements of growth theory

The block addresses the following questions:

  • Solow model.
  • Transitional dynamics in Solow model.
  • Convergence: theory and observations.
  • One-sector optimal growth model.
  • Endogenous growth models: the AK model, learning by doing, knowledge spillovers, human capital.
  • Horizontal and vertical innovations.

Lecture 5.1

Lecture 5.2

Lecture 5.3

Lecture 5.4

Lecture 5.5

Lecture 5.6