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Acemoglu Daron. Introduction to Modern Economic Growth: Parts 1-4. Department of Economics, Massachusetts Institute of Technology,2008. — 604 p.. 2008

This is a book about economic growth and long-run economic development. The process of economic growth and the sources of differences in economic performance across nations are some of the most interesting, important and challenging areas in modern social science. The primary purpose of this book is to introduce graduate students to these major questions and to the theoretical tools necessary for studying them. This book is also a graduate-level introduction to modern macroeconomics. It deals with the workhorse models of dynamic macroeconomic analysis. They include the Solow growth model, the neoclassical growth model, the overlapping-generations model and models of technological change and technology adoption.

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Table of contents
Preface
Part 1 Introduction
CHAPTER 1 Economic Growth and Economic Development: The Questions
Cross-Country Income Differences
Income and Welfare
Economic Growth and Income Differences
Origins of Today’s Income Differences and World Economic Growth
Conditional Convergence
Correlates of Economic Growth
From Correlates to Fundamental Causes
The Agenda
References and Literature
CHAPTER 2 The Solow Growth Model
The previous chapter introduced a number of basic facts and posed the main questions concerning the sources of economic growth over time and the causes of differences in economic performance across countries.
The Economic Environment of the Basic Solow Model
The Solow Model in Discrete Time
Transitional Dynamics in the Discrete Time Solow Model
The Solow Model in Continuous Time
Transitional Dynamics in the Continuous Time Solow Model
A First Look at Sustained Growth
Solow Model with Technological Progress
Comparative Dynamics
Taking Stock
References and Literature
Exercises
CHAPTER 3 The Solow Model and the Data
In this chapter, we will see how the Solow model or its simple extensions can be used to interpret both economic growth over time and cross-country output differences.
Growth Accounting
Solow Model and Regression Analyses
The Solow Model with Human Capital
Solow Model and Cross-Country Income Differences: Regression Analyses
Calibrating Productivity Differences
Estimating Productivity Differences
Taking Stock
References and Literature
Exercises
CHAPTER 4 Fundamental Determinants of Differences in Economic Performance
Proximate Versus Fundamental Causes
Economies of Scale, Population, Technology and World Growth
The Four Fundamental Causes
The Effect of Institutions on Economic Growth
What Types of Institutions?
Disease and Development
Political Economy of Institutions: First Thoughts
Taking Stock
References and Literature
Exercises
Part 2 Towards Neoclassical Growth
This part of the book is a preparation for what is going to come next. In some sense, it can be viewed as the “preliminaries” for the rest of the book.
CHAPTER 5 Foundations of Neoclassical Growth
The Solow growth model is predicated on a constant saving rate.
Preliminaries
The Representative Household
Infinite Planning Horizon
The Representative Firm
Problem Formulation
Welfare Theorems
Proof of the Second Welfare Theorem, Theorem 5.7*
Sequential Trading
Optimal Growth
Taking Stock
References and Literature
Exercises
CHAPTER 6 Infinite-Horizon Optimization and Dynamic Programming
This chapter will provide a brief introduction to infinite-horizon optimization in discrete time under certainty.
Discrete-Time Infinite-Horizon Optimization
Introduction to Stationary Dynamic Programming
Stationary Dynamic Programming Theorems
The Contraction Mapping Theorem and Applications*
Proofs of the Main Dynamic Programming Theorems*
Fundamentals of Stationary Dynamic Programming
Nonstationary Infinite-Horizon Optimization
Optimal Growth in Discrete Time
Competitive Equilibrium Growth
Computation
Taking Stock
References and Literature
Exercises
CHAPTER 7 Review of the Theory of Optimal Control
The previous chapter introduced the basic tools of dynamic optimization in discrete time.
Variational Arguments
The Maximum Principle: A First Look
Infinite-Horizon Optimal Control
More on Transversality Conditions
Discounted Infinite-Horizon Optimal Control
Existence of Solutions, Concavity and Differentiability*
A First Look at Optimal Growth in Continuous Time
The q-Theory of Investment and Saddle-Path Stability
Taking Stock
References and Literature
Part 3 Neoclassical Growth
This part of the book covers the basic workhorse models of economic growth.
CHAPTER 8 The Neoclassical Growth Model
We are now ready to start our analysis of the standard neoclassical growth model (also known as the Ramsey or Cass-Koopmans model).
Preferences, Technology and Demographics
Characterization of Equilibrium
Optimal Growth
Steady-State Equilibrium
Transitional Dynamics
Neoclassical Growth in Discrete Time
Technological Change and the Canonical Neoclassical Model
The Role of Policy
Comparative Dynamics
A Quantitative Evaluation
Extensions
Taking Stock
References and Literature
Exercises
CHAPTER 9 Growth with Overlapping Generations
A key feature of the neoclassical growth model analyzed in the previous chapter is that it admits a representative household.
Problems of Infinity
The Baseline Overlapping Generations Model
The Canonical Overlapping Generations Model
Overaccumulation and Pareto Optimality of Competitive Equilibrium in the Overlapping Generations Model
Role of Social Security in Capital Accumulation
Overlapping Generations with Impure Altruism
Overlapping Generations with Perpetual Youth
Overlapping Generations in Continuous Time
Taking Stock
References and Literature
Exercises
CHAPTER 10 Human Capital and Economic Growth
This chapter investigates human capital investments and the role of human capital in economic growth and in cross-country income differences.
A Simple Separation Theorem
Schooling Investments and Returns to Education
The Ben-Porath Model
Neoclassical Growth with Physical and Human Capital
Capital-Skill Complementarity in an Overlapping Generations Model
Physical and Human Capital with Imperfect Labor Markets
Human Capital Externalities
The Nelson-Phelps Model of Human Capital
Taking Stock
References and Literature
Exercises
CHAPTER 11 First-Generation Models of Endogenous Growth
The models presented so far focused on physical and human capital accumulation, and sustained economic growth has been generated by exogenous technological progress.
The AK Model Revisited
The AK Model with Physical and Human Capital
The Two-Sector AK Model
Growth with Externalities
Taking Stock
References and Literature
Exercises
Part 4 Endogenous Technological Change
This part of the book focuses on models of endogenous technological change.
CHAPTER 12 Modeling Technological Change
We have so far investigated models of economic growth of exogenous or endogenous variety.
Different Conceptions of Technology
Science and Profits
The Value of Innovation in Partial Equilibrium
The Dixit-Stiglitz Model and “Aggregate Demand Externalities”
Individual R&D Uncertainty and the Stock Market
Taking Stock
References and Literature
Exercises
CHAPTER 13 Expanding Variety Models
As emphasized in the previous chapter, the key to understanding endogenous technologi­cal progress is that R&D is a purposeful activity,
The Lab-Equipment Model of Growth with Input Varieties
Growth with Knowledge Spillovers
Growth without Scale Effects
Growth with Expanding Product Varieties
Taking Stock
References and Literature
Exercises
CHAPTER 14 Models of Schumpeterian Growth
The previous chapter presented the basic endogenous technological change models based on expanding input or product varieties.
A Baseline Model of Schumpeterian Growth
A One-Sector Schumpeterian Growth Model
Innovation by Incumbents and Entrants and Sources of Productivity Growth
Step-by-Step Innovations*
Taking Stock
References and Literature
Exercises
CHAPTER 15 Directed Technological Change
The previous two chapters introduced the basic models of endogenous technological change.
Importance of Biased Technological Change
Basics and Definitions
Baseline Model of Directed Technological Change
Directed Technological Change with Knowledge Spillovers
Directed Technological Change without Scale Effects
Endogenous Labor-Augmenting Technological Change
Generalizations and Other Applications
An Alternative Approach to Labor-Augmenting Technological Change *
Taking Stock
References and Literature
Exercises
More economic literature on Economics.Studio

Books and textbooks on the discipline Macroeconomics:

  1. Abel A.B., Bernanke B., Croushore D.. Macroeconomics. 10th Edition, Global Edition. — Pearson,2021. — 690 pp. - 2021 ãîä
  2. Alogoskoufis George. Dynamic Macroeconomics. The MIT Press,2019. — 800 p. - 2019 ãîä
  3. Agarwal Vanita. Macroeconomics: Theory & Policy. Pearson,2010. — 408 p. - 2010 ãîä
  4. Acemoglu D.. Introduction to Modern Economic Growth. Princeton University Press,2008. — 1248 p. - 2008 ãîä
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