14.451 Macroeconomic Theory I

Spring 2007

Real GDP per capita for G8 countries from 1950 to 2000.

Real GDP per capita in current prices for G8 countries from 1950-2000. (Image by MIT OCW. Data from Alan Heston, Robert Summers and Bettina Aten, Penn World Table Version 6.1, Center for International Comparisons at the University of Pennsylvania (CICUP), October 2002.)

Course Highlights

This course features an extensive readings list and practice exams.

Course Description

Introduction to the theories of economic growth. Topics will include basic facts of economic growth and long-run economic development; brief overview of optimal control theory and dynamic programming; basic neoclassical growth model under a variety of market structures; human capital and economic growth; endogenous growth models; models with endogenous technology; models of directed technical change; competition, market structure and growth; financial and economic development; international trade and economic growth; institutions and economic development. This is a half-term subject. The class size is limited.

Special Features

Technical Requirements

Special software is required to use some of the files in this course: .m.

Donate Now


Prof. George-Marios Angeletos

Course Meeting Times

Two sessions / week
1.5 hours / session

One session / week
1.5 hours / session



Archived Courses

Previous version