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MS&E Economic Growth and Development

Business Law: Finance: Banking & Bankruptcy

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Business Law
Finance: Banking & Bankruptcy

Path " Business Law : General does not include this course.
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Business Law: Finance: Banking & Bankruptcy
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MS&E 249

Economic Growth and Development

School of Engineering

Recommended for route(s):

[ Academia ] [ Litigation ] [ Regulatory & Policy ] [ Transactional ] Business Law: Finance: Banking & Bankruptcy

Why it is relevant for ...

[ Academia ] [ Litigation ] [ Regulatory & Policy ] [ Transactional ] as a Relevant Course outside SLS for those interested in International Trade : Students interested in international trade and policy as it relates to environmental law will want to take one or more courses considering the effect of global economic development on the environment, including the political dynamics relating from the rising demand for sources of energy. This course looks at what generates economic growth, focusing on economic theory and case studies, including the financial crises in East Asia and Argentina; the planned economies in Russia and Eastern Europe; and a comparative study of India and China. The course looks at links between economic growth and civilization; and the causes of the rise and decline of civilizations.

General course Description:

What generates economic growth. Emphasis is on theory accompanied by intuition, illustrated with country cases. Topics: the equation of motion of an economy; optimal growth theory; calculus of variations and optimal control approaches; deriving the Euler and Pontriaguine equations from economic reasoning. Applications: former planned economies in Russia and E. Europe; the present global crisis: causes and consequences; a comparative study of India and China. The links between economic growth and civilization; the causes of the rise and decline of civilizations; lessons for the future. Intended for graduate students. Prerequisite: multivariable calculus.

Course Style: A Substantive course teaches the law, theory, and policy in a particular area of law

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