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351-0557-00L 3 Credits NDS , MSC D-MATH , D-MTEC
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Macroeconomics of Innovation

Lecturers & Examiners: Prof. Dr. Hans Gersbach
VVZ CR n/a

Last Updated: 2026-02-05 15:06:35

Abstract

review of technological innovations, models of economic growth

Objective

The goal of the lecture is to consider the main technological innovations and to get an overview of current research on economic growth models.

Content

1. An Overview over Growth and Innovations 1.1. Introduction 1.2. History of economic growth 1.3. Main technological and organizational innovations 2. Neoclassical Growth Theory 2.1. Solow Model 2.2. Ramsey-Cass-Koopmans Model 2.3. Implications of the Neoclassical Model 2.4. Cross-country differences 2.5. Growth accounting and level differences 3. New Growth Theory 4. AK-Model 4.1. Introduction 4.2. Competitive equilibrium 4.3. Socially optimal solution 5. Romer (1986) Model 6. Lucas (1988) Model 7. Technical Progress and Monopolistic Competition 8. Creative Destruction 9. Growth policy 10. Summary and Conclusions

Resources

Literature

David Romer, Advanced Macroeconomics, McGraw-Hill, chapters 1 and 3. Handbook of Economic Growth, P. Aghion and S. Durlaud, eds., Elsevier, 2005, available online: http://elsa.berkeley.edu/~chad/Handbook.html . Aghion and Howitt, "A Model of Endogenous Growth Through Creative Destruction", Econometrica, Vol. 60(2), 1992. Romer, "Endogenous Technological Change", Journal of Political Economy, Vol. 98(5), 1990. Rebelo, "Long-Run Policy Analysis and Long-Run Growth". The Journal of Political Economy, Vol. 99(3), 1991. Lucas, "On the Mechanics of Economic Development", Journal of Monetary Economics, Vol. 22, 1988.

General Information

Language
English
Levels
NDS , MSC
Frequency
Yearly recurring

Examination

Type
end-of-semester examination

Course Components

Type Title Time & Place Hours
lecture Macoreconomics of Innovation
Voraussetzung: besuchte Lerneinheit 351-0551-00L Introduction to Economics
  • Tue 13:15-15:00 (HG F 26.5)
2 h weekly

Offered In