Module 5 builds on the introduction to long run growth from the last Module. In particular, Module 5 develops a model of long run growth and uses it to analyze the U.S. and other economies in the world. Moreover, pro-growth government policies are also inferred from the model.
Describe and draw the per-worker production function (model).
Using the per-worker production function, describe why some countries are less developed than others.
Describe policies that promote long run growth.