Archived Versions

14.451 Macroeconomic Theory I

As taught in: Spring 2007

Real GDP per capita for G8 countries from 1950 to 2000.

Real GDP per capita in current prices for G8 countries from 1950-2000. (Image by MIT OCW. Data from Alan Heston, Robert Summers and Bettina Aten, Penn World Table Version 6.1, Center for International Comparisons at the University of Pennsylvania (CICUP), October 2002.)




Prof. George-Marios Angeletos

Course Features

Course Description

Introduction to the theories of economic growth. Topics will include basic facts of economic growth and long-run economic development; brief overview of optimal control theory and dynamic programming; basic neoclassical growth model under a variety of market structures; human capital and economic growth; endogenous growth models; models with endogenous technology; models of directed technical change; competition, market structure and growth; financial and economic development; international trade and economic growth; institutions and economic development. This is a half-term subject. The class size is limited.

Technical Requirements

Special software is required to use some of the files in this course: .m.