Section 2: Economic Growth

This section explores what determines the output (GDP) of economies over time and why levels of GDP and growth rates of GDP vary immensely between countries. GDP is important because it determines the incomes and prosperity of individuals. The section begins with an historical overview of global economic growth and goes on to develop a model of aggregate output which can explain most of the pattern of growth across nations over time.

Lecture 3 - Key Facts about Economic Growth

Lecture 4 - The Solow Growth Model

Lecture 5 - Working With the Model

Lecture 6 - Conditional Convergence and Growth

Lecture 7 - Long-Run Growth