The basic two sector closed economy model ii The time elimination method for

The basic two sector closed economy model ii the time

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ii. The time elimination method for solving the di/erential equa-tion system°Application°Introduction to Mathematicaiii. The three sector open economy model with a home good°Calibration: the social accounting matrix°Applications using mathematica (e.g., any of the SpecialTopics in Section II.5 above)°Extensions (intermediate factors, composite capital, gov-ernment)iv. A three sector two country model without foreign debtv. Neoclassical growth with market failures°Capital market segmentation°Imperfect competition (decreasing cost industries)vi. Economic growth in the presence of exhaustible resources°The general case°The natural resource curse (a two country framework)V. Endogenous Growth (Romer)1. Basic Structure2. Empirical Application & Relation to Growth Accounting, Induced In-novationVI. The Role of The State9
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1. Political Economy in General Equilibrium2. Collective Action(a) Rent Seeking(b) Political and Economic Equilibria°Implications to Structural Adjustment and Stabilization°The anatomy of Getting Prices Right°Tax policy (Draw upon Section II.3. Structural Adjustment:the2ndPhase)3. Economies in Transition: An Introduction10
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Appendix IDesirable Learning Outcomes Include:1. The ability to identify, de°ne, and solve problems(a) recognize the complexity and ambiguity inherent in many prob-lems in this °eld(b) evaluate and synthesize knowledge and frame logical argumentsbased on this knowledge(c) understand and use the scienti°c method and other modes of prob-lem solving2. The ability to locate and evaluate information(a) access information as needed and work e/ectively with moderninformation technologies(b) understand and practice the use of this information to better eco-nomic outcomes in a welfare context3. The mastery of a body of knowledge and mode of inquiry(a) know the facts, theories, and concepts central to this °eld of query(b) display appropriate disciplinary literacy and sophistication(c) understand the relationships between the methods and contentthis °eld4. Develop an understanding of diverse philosophies and methodologies ofthis °eld(a) understand the philosophical, scienti°c, and political and policydimensions of development and growth(b) work with individuals from diverse backgrounds, perspectives, anddisciplines5. Develop the ability to communicate e/ectively11
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(a) communicate ideas and information e/ectively in appropriate for-mats to di/erent audiences and in di/erent contexts(b) engage in constructive discussion by listening accurately, under-standing the perspectives of others, and demonstrating insight andcreativeness12
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Appendix IISOME PHILOSOPHY ON ECONOMIC THEORY &RESEARCH1. In the initial stage of studying economic phenomena, we typically de-velop impressions that provide a partial explanation of selected behavioral,technological and other exogenous factors that determine the ±state± of thephenomena.We often consider or hypothesize why the state has evolvedthe way it did, or how it could have evolve in another way. It may not be
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