This course is discontinued

Syllabus/achievement requirements

1. Textbook:

D. Romer: Advanced Macroeconomics (3rd edition or 4th), 2006/2010. McGraw-HIll. ; parts of chapter 1, 2, 3 and 8 (or chapter 1, 2, 3 and 9 in 4th ed.) .

In addition there are articles/papers that are relevant for special parts of the lectures not covered in the textbook. Guidelines for how to use these articles will be provided during the course. Those articles that are available from JSTOR, are marked by *. Those that are not available from JSTOR, will be available either at the Home page of the course or will be available as copy. (Some of the material in the textbook and/or in the articles below will be presented in Lecture Notes – available to the students.)

L. Johansen: "A classical model of economic growth" in C.H. Feinstein (ed.): Socialism, capitalism and economic growth, 1967. Cambridge University Press, Cambridge, UK.

E. Domar: "Capital expansion, rate of growth and employment" in Econometrica, 1946. Vol. 14 (2), April, 137 – 147*.

L. Johansen: "Substitution versus fixed coefficients in the theory of economic growth: A synthesis" in Econometrica, 1959. Vol. 27 (2), April, pp. 157 – 176*.

L. Johansen: A Multi-Sectoral Study of Economic Growth, second enlarged edition, 1974. North-Holland. chapt. 1 and 10. Fulltext.

O. Bjerkholt: "The Making of The Leif Johansen Multi-Sectoral Model" (2009) in History of Economic Ideas, Vol. 17(3), pp. 103 – 126.

W. Baumol: "Macroeconomics of Unbalanced Growth: The Anatomy of Urban Crisis" (1967) in American Economic Review, Vol. 57 (3), pp.415 – 426.*

R.E. Lucas: "On the Mechanics of Economic Development" (1988) in Journal of Monetary Economics, Vol. 22 (1), pp. 3 – 42.*

J. Vislie: "Division of Labour – Simon Revisited" in Regional Science and Urban Economics, 1979. Vol. 9 (1), February, pp. 61 – 70*.

F.R. Førsund and J. Vislie. From Aggregated Macro Growth to Disaggregated Production Studies. (2011) Memorandum from the Department of Economics, University of Oslo.

P. Aghion and P. Howitt: "Research and Development in the Growth Process" in Journal of Economic Growth, Vol. 1 (1), March 1996, pp. 49 – 73.*

N. Stern: "The Determinants of Growth" in Economic Journal, 1991. Vol. 101, January, pp. 122 -133*.

N.G. Mankiw: "The Growth of nations" in Brookings Papers on Economic Activity, 1995. Vol. 1, pp. 275 – 326*.

D. Acemoglu: Introduction to Modern Economic Growth, Princeton University Press, 2009; chapter 4.

Published Apr. 5, 2011 10:24 AM - Last modified Oct. 24, 2011 2:57 PM