Iqtisodiyot va menejment kafedra

This half semester class will present an introduction to macroeconomic modeling, particularly economic growth. It will focus both on models of economic growth and their empirical applications, and try to shed light on the mechanics of economic growth, technological change and sources of income and growth differences across countries.

The course has a number of objectives: The first is to familiarize you with a set of issues and questions that are central to macroeconomics, and that are also (hopefully) exciting and important; the second is to develop some of the most important tools of dynamic economics useful in macroeconomics as well as in a number of other subdisciplines of economics including general equilibrium theory, political economy, industrial organization and contract theory; and the third is to provide a first introduction to some of the key empirical issues in economic growth.

The aim of the Economic Growth module is to provide students with a comprehensive understanding of the theoretical foundations, empirical evidence, and policy implications of long-run economic growth. The module seeks to explain why countries differ in income levels and growth rates, and how economic, institutional, and technological factors shape development over time.

Objectives of the Module

By the end of this module, students will be able to:

1. Explain key theories of economic growth, including classical, neoclassical (Solow), and endogenous growth models.

2. Analyze the determinants of long-run economic growth, such as capital accumulation, human capital, technological progress, and institutions.

3. Interpret stylized facts of economic growth and assess global income disparities across countries.

4. Apply the Solow growth model to evaluate steady-state outcomes, convergence, and the role of savings, population growth, and technology.

5. Use mathematical and graphical tools to analyze growth models and interpret economic dynamics.

6. Evaluate empirical evidence on economic growth using cross-country data and growth regressions.

7. Assess the role of public policy and institutions in promoting sustainable economic growth.

8. Distinguish between proximate and fundamental causes of economic development.

9. Critically assess growth-enhancing policies, including education, innovation, trade, and governance reforms.

10. Develop analytical and research skills relevant for advanced studies in macroeconomics and development economics.