This course is discontinued


Published Nov. 24, 2011 9:29 AM

This is an invitation to participate in a periodic course evaluation for ECON4350 - Growth and Investment. The periodic course evaluation is in addition to the evaluation that has already taken place earlier this semester and is somewhat more extensive. The evaluation is done on the internet and the deadline for giving your answer is December 20. Please note that there are questions concerning the exam, so preferably you should not answer this form until after your exam.

Click here to find the evaluation form. Your answer will be anonymous.

Published Nov. 21, 2011 11:22 AM

I have prepared a last Problem Set for seminar 6 (Problem Set 6) today (November 21). You are asked to prepare a short outline (disposisjon) as to how you would respond to one of the questions in the set. (This time you are free to choose what problem to answer.) I expect that these outlines are presented in class today. It's time to get ready for exam! Good luck! Also; I will delete the paper by Olav B about MSG today!

Published Nov. 14, 2011 5:01 PM

I have prepared a note on some of the issues taken up in the lectures related to multi-sectoral growth; see hand-out 4 under "Teaching material.

Published Nov. 10, 2011 12:25 PM

I was told yesterday that Bjerkholt's article about MSG was not available to you. Therefore you can download the article under the heading "OlavB-on-MSG", under "Teaching Material". (This will be removed during the next week.)

Published Nov. 7, 2011 11:50 AM

Problem set 5 for the seminar on November 14 is now available under "Seminar problems". Also: The relevant part of chapter 2 in Romer's book related to our last topic, "Optimal economic growth", is part 2A, (You may drop 2B.)

Published Oct. 31, 2011 2:54 PM

In the hand-out on "Endogenous Growth and creative destruction", there is an incorrect statement as to the impact on expected growth of a more productive reasearch technology. The last two lines in the third bullit point should be read as: ".... negative impact on expected growth. However, in opposite direction, there is the impact on the marginal cost of production. The latter effect dominates." A revised version replaces the former one.

Published Oct. 27, 2011 7:24 PM

I have prepared a note on "Explaining Real Investment: The neoclassical approach and the supplement by Haavelmo", based on the lecture yesterday. You find it under "Teaching material".

Published Oct. 27, 2011 6:03 PM

Jeg har lagt ut Kalle Moenes kronikk "Produktivitetens paradoks" på emnesiden under "Teaching Material", i forbindelse med oppgave 2 til seminaret på mandag.

Published Oct. 24, 2011 4:24 PM

Oppgavesett 4 til seminaret den 31. oktober er nå lagt ut under "Seminar problems". Jeg ber dere innstendig om å løse disse oppgavene på egen hånd - særlig spørsmål 2. I tillegg er det lagt ut en lenke under Syllabus, til to kapitler i Leif Johansen "A Multi-sectoral study of economic growth", som danner bakgrunn; jfr. forelesningsplan for "strukturendringer under vekst". Dette tema begynner vi med neste uke, samtidig som spørsmål 2 under Oppgavesett 4 gir et lite innsmett til flersektorvekst. (Problem set 4 for seminar Monday October 31, is now available under "Seminar problems". You should, at least try to go through Question 2. In addition you will, under Syllabus, find a link to two chapters in Leif Johansen's book on MSG-model; chapter 1 serves as the basis for Theme No.4: Structural changes during growth.)

Published Oct. 19, 2011 3:17 PM

Jeg har lagt ut et notat om Schumpeter's "Kreativ destruksjon" under "Teaching Material" til forelesningen idag. (You find a note on Schumpeter's "Creative Destruction" under "Teaching Material", relevant for today's lecture.)

Published Oct. 10, 2011 8:30 PM

En mappe med forelesningsnotater var gjenglemt i aud 5 idag - på seminaret. Den er nå på Vislies kontor. Vi skyver på seminartidene - utsetter seminaret i uke 43 (24/10) til uke 47 (21/11). Øvrige seminarer er da 31/10 og 14/11, i tillegg til den 21/11.

Published Oct. 3, 2011 12:15 PM

Problem Set 3 for seminar Monday October 10 is now available under "Seminar Problems". Also, you find a short note on some issues related to "The Johansen Growth Model"; under "Teaching Material".

Published Sep. 28, 2011 2:22 PM

There is no lecture on October 5 (next week - week 40). We have seminar in week 41, on Monday October 10. The problem set will be available on October 3.

Published Sep. 20, 2011 12:17 PM

Problem Set 2 for seminar on September 26 is now available under "Seminar Problems" on the Home Page. We do it in the same way as yesterday; you should all try to work through the problems and so being able to present/solve them at the blackboard.

Published Sep. 13, 2011 3:30 PM

In the scanned version of the chapter from Acemoglu's book, two pages are unfortunately missing; pp. 112-113. I will bring copies of these two pages to tomorrow's lecture.

Published Sep. 13, 2011 2:09 PM

You should all try to solve the problems in problem Set 1 for the seminar on Monday. In the subsequent seminars we should assign a small group for presentation. We come back to taht on Monday.

Published Sep. 9, 2011 3:32 PM

Problem set 1 for seminar on September 19 is now available - see under "Seminar problems" on the Home Page. This problem set requires some standard working, and the purpose is to get you more familiar with these modeling structures.

Published Sep. 6, 2011 4:10 PM

The paper by Acemoglu, and the one by Førsund-Vislie, can be found under "Teaching Material".

Published Sep. 1, 2011 12:54 PM

We have two contact students: Nini Barth ( and Ingrid Huitfeldt (

Published Aug. 31, 2011 3:16 PM

We have not been able to find another lecture room than the one we have been assigned. Hence, we have to have the lectures in that big room - Auditorium 7, on Wednesdays 1415-1600. The problem set for the first seminar on Monday September 19(week 38), will be available on the Home Page during week 36.

Published Aug. 23, 2011 4:01 PM

The first lecture will introduce "truly classical growth models" as found in Leif Johansen "A classical model of economic growth". This paper is found under "Teaching Material".

Published Aug. 17, 2011 5:03 PM

A (tentative) plan for the lectures is found under "Teaching Plan and Teaching Material. Note also that the lectures will be moved from Lecture Room 7 to a place not known yet.