Description Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner.
After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations.
Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come.
Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis
Focuses on the big-picture questions of economic growth
Provides mathematical foundations
Presents dynamic general equilibrium ;
Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages
Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change
Table of Contents Part I: Introduction
Chapter 1: Economic Growth and Economic Development: The Questions 3
Chapter 2: The Solow Growth Model
Chapter 3: The SolowModel and the Data
Chapter 4: Fundamental Determinants of Differences in Economic Performance
Part II: Toward Neoclassical Growth
Chapter 5: Foundations of Neoclassical Growth
Chapter 6: Infinite-Horizon Optimization and Dynamic Programming
Chapter 7: An Introduction to the Theory of Optimal Control
Part III: Neoclassical Growth
Chapter 8: The Neoclassical Growth Model
Chapter 9: Growth with Overlapping Generations
Chapter 10: Human Capital and Economic Growth
Chapter 11: First-Generation Models of Endogenous Growth
Part VI: Technology Diffusion, Trade, and Interdependences
Chapter 18: Diffusion of Technology
Chapter 19: Trade and Growth
Part VII: Economic Development and Economic Growth
Chapter 20: Structural Change and Economic Growth
Chapter 21: Structural Transformations and Market Failures in Development
Part VIII: The Political Economy of Growth
Chapter 22: Institutions, Political Economy, and Growth
Chapter 23: Political Institutions and Economic Growth
Part IX: Mathematical Appendixes
Appendix A: Odds and Ends in Real Analysis and Applications to Optimization
Appendix B: Review of Ordinary Differential Equations
Appendix C: Brief Review of Dynamic Games
Appendix D: List of Theorems