Fall2011Paczkowski370_01

Fall2011Paczkowski370_01 - Economic Growth 220:370:01 Prof....

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Unformatted text preview: Economic Growth 220:370:01 Prof. Paczkowski Fall, 2011 August 14, 2011 My office hours are: Monday/Wednesday 3:00 - 4:30 PM and by appointment Office Location: Room 108, New Jersey Hall - CAC Most likely place : SAC lounge on George St. 732-932-7363 The best place to find me is before class in the classroom. I can also be reached by email at paczkows@economics.rutgers.edu Please feel free to see me with any questions. Do not wait until the end of the semester! You can also reach me via the Economics Departments secretary in New Jersey Hall. You can leave a message for my mail box, but this is the least effective way to reach me. 1 1 Course Objectives Economic growth is, perhaps, the oldest subdiscipline in economics, having its roots in the nature and raison d etre for Adam Smiths The Wealth of Nations 1 . This is a subject area that gets at the very heart of economics: making people better off in the long run. Because of the vast expanse and importance of growth, a full study has to encompass not just economics but also history, economic and otherwise. 1.1 General Objectives The general objectives of this intense upper level elective course are to provide you with an understanding of... 1. the fundamental theories explaining economic growth; 2. the importance of different sectors (e.g., technology, education) of the economy; 3. the historical connections between growth and the rise and fall of the Great Powers; 4. the pattern of economic growth in the U.S. and worldwide; 5. policy options to enhance economic growth. 1.2 Specific Objectives Specific objectives are to instruct you in the.. . 1. Classical and Neoclassical theories of economic growth; 2. current theories such as endogenous growth theories; 3. history of economic growth and its role in the rise and fall of the Great Powers; 4. role of the following in enabling economic growth... (a) saving (b) technology (c) science and R&D (d) education (e) population growth (f) the financial system (g) health (h) democracy (i) energy policy 1 The full title is An Inquiry into the Nature and Causes of the Wealth of Nations 2 (j) global warming 5. general movements and time patterns of major growth indexes; 6. convergence of growth rates between rich and poor nations; 7. latest policy issues. 1.3 Course Emphasis Emphasis is placed on a combination of the theoretical development, issues discussions, and policy formulation. Active class discussions in groups will be relied on with minimal focus on lectures once a theoretical framework is developed. 1.4 Course Structure For the most part, you will be asked to take an active part in this course by... 1. working in groups; 2. presenting summaries of articles in class; 3. presenting and defending econometric modeling results; 4. presenting and defending policy statements and positions that you will develop....
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This note was uploaded on 10/23/2011 for the course ECONOMICS 370 taught by Professor Paczkowski during the Spring '11 term at Rutgers.

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Fall2011Paczkowski370_01 - Economic Growth 220:370:01 Prof....

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