Economics 1490: Growth and Crisis in the World Economy





Meeting Time: Tu., Th., 11:30-1
Note: This course satisfies the Economics concentration writing requirement. Students who would like to enroll should submit the application form available on the course website.
Prerequisite: Economics 1010a1, 1010a2, or 1011a and Economics 1010b or 1011b.

This course assesses the future of the tri-polar world economy - Asia, Europe, and North America. The course analyzes the resurgence of the US economic growth, the emergence of asset pricing bubbles, and the ensuing financial and economic crisis. We will discuss the sources of Asian growth miracles and the convergence and subsequent divergence of Europe and North America. What growth rate is sustainable and who will lead? What are the forces that threaten long-term prosperity?