Econ 5083 Final Exam Wednesday May 13, 2015, 6:30PM, NC 1408 Topics Covered

Solow Growth Model

Capital accumulation function

Properties of Balanced Growth Path (BGP)

Golden Rule consumption

Human Capital Neoclassical Growth Model (Ramsey Model)

Dynamic equation for capital

Euler Equation

Properties of BGP

Phase diagram policy analysis

Modified Golden Rule consumption Endogenous Growth Model

R&D model without capital

Returns to scale assumptions and implications

Properties of BGP OLG/Diamond Model

Inter- and Intratemporal Euler Equations

Social Security programs

Dynamic inefficiency Other topics

Social Infrastructure & Cross-Country Income Differences

RBC Models & Business cycles

The Great Recession