What generates economic growth. Emphasis is on theory accompanied by intuition, illustrated with country cases. Topics: the equation of motion of an economy; optimal growth theory; calculus of variations and optimal control approaches; deriving the Euler and Pontriaguine equations from economic reasoning. Applications: former planned economies in Russia and E. Europe; the present global crisis: causes and consequences; a comparative study of India and China. The links between economic growth and civilization; the causes of the rise and decline of civilizations; lessons for the future. Intended for graduate students.
Prerequisite
Multivariable calculus and permission of instructor. To receive permission, submit an application. 2016 application information coming soon.
Notes
- Enrollment limited and determined by application. Confirmed visiting students interested in enrolling in this course must apply and if approved, will receive a permission number.
- This course is offered as part of the Summer Intensive in International Management, and qualifies toward the Certificate of Completion in International Management.
