What generates economic growth. Emphasis is on theory accompanied by intuition, illustrated with country cases. Topics: the equation of motion of an economy; optimal growth theory; calculus of variations and optimal control approaches; deriving the Euler and Pontriaguine equations from economic reasoning. Applications: former planned economies in Russia and E. Europe; the present global crisis: causes and consequences; a comparative study of India and China. The links between economic growth and civilization; the causes of the rise and decline of civilizations; lessons for the future. Intended for graduate students.
Multivariable calculus and permission of instructor. To receive permission, submit an application. 2017 application information coming soon.
- Enrollment limited and determined by a separate application. Students must submit this application. If accepted, you will be given a permission number used to enroll in Axess. Permission numbers are issued on a rolling basis.
- This course is offered as part of the Summer Intensive in International Management, and qualifies toward the Certificate of Completion in International Management.