The most important models

Below is a list of the most important models covered in the course, and hence the models you should concentrate most on studying before the exam. However, remember that the course also covers a number of important concepts and important empirical knowledge not contained in this list. We would for instance say that human capital is a concept and not a model of growth.

Notice also that the chapters in Banerjee et al. referred to in the lecture plan are required reading, and hence relevant for the exam, although less emphasis have been but on these in the lectures. The reason for this is that we considered this book to be less technical than Ray, and therefore requiring less explanation in the lectures.

·         Harrod/Domar growth model (ch. 3)

·         Solow growth model (ch. 4)

·         Big push model/models of complementarities (ch. 5)

·         Incomplete credit markets in the relationship between inequality and growth (ch 7)

·         Capacity curve and nutrition as poverty trap (ch. 8)

·         Lewis and Harris/Todaro models of migration (ch. 10)

·         Ricardo and Heckscher/Ohlin models of trade (ch. 16)

·         Model of tariffs and quotas in trade (ch. 17)