Students taking this course can
- describe the main features of the Solow growth model and its limitations;
- be familiar with the critical endogenous growth theories and understand why developing endogenous growth theories are needed in the literature;
- understand how the standard neoclassical production functions can be derived as the collection of optimal production techniques used by entrepreneurs in the capitalist system;
- comprehend the classical Marxian theories of growth;
- explain the facets of demand-determined growth;
- grasp the growth consequences of introducing overlapping generations with a finite rather than an infinite life as assumed in the mainstream growth theories.