(3 units). Understanding economic wealth and growth in the long run. Explaining historical facts with elementary theories of growth. The basics of savings and the accumulation of physical and human capitals. The importance of institutions. Productivity, innovation and competition. The effects of population growth and natural resource endowments. Globalisation and inequality. The role of uncertainty and expectations in financial markets, in consumption and investment decisions, in explaining economic fluctuations and in the conduct of monetary and fiscal policies. Course Component: Lecture Prerequisite: ECO 2142.
(3 units). Understanding economic wealth and growth in the long run. Explaining historical facts with elementary theories of growth. The basics of savings and the accumulation of physical and human capitals. The importance of institutions. Productivity, innovation and competition. The effects of population growth and natural resource endowments. Globalisation and inequality. The role of uncertainty and expectations in financial markets, in consumption and investment decisions, in explaining economic fluctuations and in the conduct of monetary and fiscal policies. Course Component: Lecture Prerequisite: ECO 2142.
