James P. Keeler, Professor of Economics, Kenyon College

ECON 392.02, Special Topics: Economic Growth, Spring 2009

14:40-16:00, 2:40-4:00 TTh

Office: ASC 302

Economic Growth Seminar

This seminar examines the sources, process and implications of sustained growth of incomes. Adam Smith's Wealth of Nations was an early analysis of how economies grew richer, and the field has developed to explain why there are differences in standards of living across countries. We will consider several theories of the process of economic growth, and balance that with empirical evidence on performance of current theory. We will analyze how population growth, technological change, investment in physical and human capital, government policy and the quality of institutions affect growth. Discussion on the implications of economic growth for globalization, environmental conditions and income inequality will be part of evaluating the effects of economic growth. Prerequisites: ECON 101 and ECON 102.

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