Introduction to Modern Economic Growth

Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises will be available Spring 2009 (978-0-691-14163-3/$24.95). See: http://press.princeton.edu/titles/8970.html. For Professors only: To access a complete solutions manual online, email us at: acemoglusolutions@press.princeton.edu

ISBN 0691132925   Pages 552 ISBN13 9780691132921 (What's this?)   Volumes 1 Publisher The University Press Group Ltd   Weight (grammes) 1914 Imprint Princeton University Press   Published in New Jersey Format Hardback   Height (mm) 229 Publication date 15 Dec 2008   Width (mm) 152 Library of Congress 2008038853   Spine width (mm) 42 DEWEY 338.9   Academic level Postgraduate DEWEY edition DC22

Pt. I		Introduction
Ch. 1		Economic Growth and Economic Development: The Questions		3
Ch. 2		The Solow Growth Model		26
Ch. 3		The Solow Model and the Data		77
Ch. 4		Fundamental Determinants of Differences in Economic Performance		109
Pt. II		Toward Neoclassical Growth
Ch. 5		Foundations of Neoclassical Growth		147
Ch. 6		Infinite-Horizon Optimization and Dynamic Programming		182
Ch. 7		An Introduction to the Theory of Optimal Control		227
Pt. III		Neoclassical Growth
Ch. 8		The Neoclassical Growth Model		287
Ch. 9		Growth with Overlapping Generations		327
Ch. 10		Human Capital and Economic Growth		359
Ch. 11		First-Generation Models of Endogenous Growth		387
Pt. IV		Endogenous Technological Change
Ch. 12		Modeling Technological Change		411
Ch. 13		Expanding Variety Models		433
Ch. 14		Models of Schumpeterian Growth		458
Ch. 15		Directed Technological Change		497
Pt. V		Stochastic Growth
Ch. 16		Stochastic Dynamic Programming		537
Ch. 17		Stochastic Growth Models		566
Pt. VI		Technology Diffusion, Trade, and Interdependences
Ch. 18		Diffusion of Technology		611
Ch. 19		Trade and Growth		648
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It's hard not to be impressed by Acemoglu's mastery of the subject and for a handful of top graduate programs this is clearly the book for the next generation. -- Tyler Cowen, Marginal Revolution

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