ECO 708SEM - Adv Topics Macroeconomics

This course deals with two of the main topics of current research frontier in macroeconomics: 1) Human capital and economic growth and 2) Human capital and wage inequality. Each introduces labor economic concept of human capital to explain the trends in the quantity and the distribution of economic output, which many Macroeconomists actively work on the first part of the course reviews literature that considers human capital as an important source of economic growth and attempts to quantify its contribution to economic growth and development. The second part focuses on the trends in wage inequality in the U.S. and relates those to human capital theory. The macroeconomic implications of the rising wage inequality are also discussed.

Credits: 3

Requisites: Pre-Requisite: ECO 609.