Course Number: 90-756
Technology and Economic Growth
The importance of economic growth is difficult to overstate. The more than tenfold increase in income in the United States over the last century is the result of economic growth. So is the fact that incomes in the United States and Western Europe are at least thirty times greater than incomes in much of Sub-Saharan Africa. Economic research has clearly identified technological innovation as the engine of long-run economic growth. This course seeks to provide students with analytical frameworks that will enable them to understand the economic growth process, the role that technological innovation plays in that process, and the way in which technologically dynamic industries have evolved over time.