4.0

credits

Average Course Rating

Examines the most important theories of economic growth (classical, neoclassical, new neoclassical, Schumpeterian, structuralist, endogenous growth), their main results and their relevance for developing countries. Draws policy implications that emerge from each, clustered around central themes (physical capital accumulation, population, entrepreneurship, financial systems, human capital, infrastructure, price incentives, trade and regimes, external and internal constraints). Covers the empirical evidence available on the explanatory power of the various theories and the effectiveness of main policies. Prerequisites: International Trade Theory or Accelerated International Trade Theory and International Monetary Theory or Accelerated International Monetary Theory. <a href="http://www.sais-jhu.edu/courses/international_economics.html#IE320734" target="_blank">Click here to see evaluations, syllabi, and faculty bios</a>