ECON-2202 Macroeconomics III

This course is an introduction to the modern theories of growth. It goes beyond the neoclassical model of economic growth and studies models based in the intertemporal choices of consumption-savings, labor-leisure and education-labor participation. It also deals with the role of factors such as accumulation of human capital, technological innovation and absorption of existing technologies in the long-term economic development. Finally, students will get into detail about the endogenous transition of a Malthusian stage to a modern time of sustained economic growth and the role of demographic transition.