Seminar on Growth and Cycles

GECO 6208 - Syllabus

This course analyzes various models of growth and cycles, including those of Samuelson, Hicks, Kalecki, Kaldor, Goodwin, as well as more recent models emerging from the nonlinear dynamics literature. We will begin with an overview of the empirical evidence, and then proceed to a review of the mathematics of linear and nonlinear difference and differential equations. These tools will then be used to analyze various cycle and growth models (including ones with limit cycles and chaotic dynamics). Instruction will also be provided in the use of simulation software. Students will be required to write a paper for course credit, and will be encouraged to develop and present their own applications, either singly or as part of a group.