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Introduction to Economic Growth 3rd E th Charles I. Jones .pdf
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product , or real GDP. Growth is usually calculated in real terms - i. Measurement of economic growth uses national income accounting. The economic growth rates of nations are commonly compared using the ratio of the GDP to population or per-capita income.
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The textbook is a concise introduction to modern growth theory, aimed at advanced undergraduates. I came aboard for this 3rd edition, and Chad Jones Stanford is the original author. It covers the basic Solow model, endogenous innovations of both product-variety and quality-ladder types, and then takes on topics in development, the environment, and the take-off to sustained growth. It uses calculus and differential equations, but you can definitely adapt to teach it to students without that background I do it every year. I like to think of the blog as a supplement to the course, and I use a lot of posts as material when I teach from the book.