Exercises in Economic Growth
Spring 2016, Wednesdays 8-10, CSS 4-1-36

The exercises are an integral part of the course. You are supposed to try solving the problems before meeting in class.
Instructor is Niklas Brønager. The collection of exercise problems is here.         Link to lectures here.
Plan for exercises (preliminary, continuously updated):

Week Topic Solve                                    Comments
        before        after
7 Growth calculation. Conceptual issues. Catching-up. Solow in continuous time. Technology, CRS or? Problem I.1, I.3, I.5, and if time allows, I.4.
 		 First point on the agenda is that Niklas will give a brief refresher on terminology etc. based on LN Ch2.1-2 and Ch. 3. I.5 postponed to Week 8.
8 Sustained productivity growth without technical progress? Solve I. 7, I.9, and if time allows, I.12 and I.13. Before trying to solve I.7f)-h) you may need to refresh memory of CES, cf. LN Ch2-7, p. 53-54. Addition to I.7. I.7f)-h) postponed to lecture 26/2 and midterm paper. I.9 postponed. I.12 and I.13 self-tuition.
Addition of i) to I.7
9 Growth accounting vs. sources of growth. Technology differences across countries. III.1, III.2. Before solving III.1c), take a quick look at LN Ch4.2.2, in particular part (i) of Proposition 1.  
10 Technology differences across countries and catching up.
When TFP comparisons across countries may be misleading.		 III.6, III.7. Additional hint to III.6a).  I.9 was also discussed.
11 Explicit solution for the time path in the Solow model, cf. Jones p. 51. Illustration of the huge difference between accumulation of capital and accumulation of knowledge. II.2, III.4, and if time allows III.5b).   Erratum to II.2.d) and III.3.
12 Refresher of the Ramsey model. The Jones (1995)model. IV.1 and VII.7. As a refresher on the Ramsey model you may use David Romer Ch. 2 and/or Ch. 9.4-5 and Ch. 10 of Groth: Macro lecture notes. Came to VII.7d2).
13 Applying the Ramsey model. Finish VII.7. Solve IV.2 and, if time allows, IV.8. Came to IV2.h). The remainder left for self-tuition.
14 Problem set for midterm paper is here. Workshop on midterm paper.    
15 Midterm paper.
The Romer-Jones model of horizontal innovations.		 Workshop on midterm paper, cont'd. If time allows, start the new Exercise VII.10 (this is the final, corrected version). If you have downloaded Exercise VII.10-12 earlier than 11/4 at 16:35, you should do it again to get the correct version. Sorry! Came to VII.10.e).
Erratum to VII.10.g).
16 Class cancelled.     Replacement class will be announced later.
17 The horizontal innovations model cont'd. Finish VII:10 (incl. brush up on a)-d)), solve VII.11. Errata to VII.10.   Came to VII.11.d).
18 Combining with Ramsey households. Finish VII.11. Solve VII.12 and VII.13.    
19

The original Romer model. Human capital and catching-up.

VII.14 and VII.15 (= V.3 in original collection of exercises).    
20 Learning by investing. The Arrow case and the Romer case. Investment-promoting policy. VI.1 and, if time allows, VI.2 (both from the original collection of exercises). You will probably need to consult LN Ch. 12 quite a lot.  Came to VI.2.d).
21 Investment-promoting policy in the Romer case (cont'd). Endogenous growth with an essential non-renewable resource. Finish VI.2, solve VIII.4, now corrected (not in the original collection of exercises).    
         
May 31 3-hours closed book exam.      

Link to lectures
Link to front page