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

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

Last Updated: 2026-02-05 15:14:42

Abstract

review of technological innovations; understanding and modelling economic growth;design of growth policies

Objective

The goal of the lecture is to consider the main technological innovations, to understand basic models of economic growth and to discuss the design of growth policies.

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

Lecture Notes

The transparencies used in the lectures will be distributed to the participants.

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
MSC , NDS
Frequency
Yearly recurring

Examination

Type
session examination
Mode
written 90 minutes
Aids
keine

Course Components

Type Title Time & Place Hours
lecture Macoreconomics of Innovation and Economic Growth
Voraussetzung: besuchte Lerneinheit 351-0551-00L Introduction to Macroeconomics oder 351-0503-00L Microeconomics
  • Tue 13:15-15:00 (HG F 26.5)
2 h weekly

Offered In