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Economic Growth and Business Cycles [ECON 014] for Economics (H) Semester V

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Semester 5 Subjects

►Game Theory & Strategic Interactions

►Economic Growth & Business Cycles

►Introductory Development Economics

►DSE – Advanced Econometrics

►DSE – Law and Economics

►DSE – Environmental Economics

►DSE – Open Economics Macroeconomics

►DSE – Public Economics

The Economic Growth and Business Cycles [ECON 014] Course for BA (Hons) Economics Semester 5, Delhi University has been taught by Mr. Dheeraj Suri. The Video Lectures are based upon the books prescribed by the University of Delhi. The Duration of Video Lectures is approximately 55 Hours.

Access of Video Lectures is provided on any one of the following devices:

Windows Computer or Laptop, or

Android Phone or Tablet, or

Apple Iphone or Ipad, or

Apple Macbook,

till end of Semester V Exams.

Course Fee : Rs. 7000

Fee Structure :

	Single Device	Two Devices
Single Subject	Rs. 7000	Rs. 12,000
Two Subjects	Rs. 13,500	Rs. 23,000
Three Subjects	Rs. 20,000	Rs. 33,000
Four Subjects	Rs. 26,000	Rs. 42,000

Once You get the access you need to login and download our APP and all the lectures from your login account and play in your device.

You will get :

►Full Course Video Lectures

►Complete Study Material (PDF Notes) which includes Concepts, Previous Year Questions, Numerical Questions, MCQ’s and Important Questions

►Live Online Doubts Sessions with Expert Faculty (at least twice a week) for resolution of Doubts

►Online Discussion Forum to Post Your Queries to Discuss with Faculty & other fellow Students

►Mock Tests at the Website for regular assessment and progress tracking

►Video Lectures Cover Theory Portions Exhaustively + Complete Solutions of Back Questions of Readings + Solutions of Previous Years Papers + Large Number of Numericals

►Comprehensive Coverage of Syllabus and Exam Oriented Preperation

This online coaching platform aims to provide a supportive and engaging learning environment for students to achieve academic success and excel in their Economics Honours program.

Demo Lectures for Economic Growth & Business Cycles

Course Introduction

Economic Growth and Business Cycles, Course Introduction

Chapter 1 : Facts of Economic Growth

Chapter 2 : Solow Model

These Lectures are Only for Demo.

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Demo Quiz

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Time Allowed for this Test is 20 Minutes

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Solow Model Test #1

1. Please Read the Questions and all the options Carefully, Before Selecting Your Choice.
2. You are not Allowed to edit your answers after submission.
3. The Paper has twenty Questions
4. Time Allowed is 20 Minutes.
5. It is necessary to enter your valid Email id to attempt this test.

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1 / 20

Investment increases proportionately with the increase in capital stock implies that, for a given rate of saving _______

those economies which have lower level of capital will have higher level of investment

those economies which have higher level of capital will have higher level of investment

those economies which have lower level of capital will have Constant level of investment

those economies which have higher level of capital will have lower level of investment

2 / 20

In the Solow Model, The production function becomes __________ as k increases indicating that it gives _____________ marginal product of capital

Flatter ; Increasing

Steeper ; Increasing

Flatter ; Diminishing

Steeper ; Diminishing

3 / 20

The aggregate production function for the Solow growth model assumes (A) ___________ returns to scale and (B) _____________marginal productivity of labour and capital.

A : Increasing, B : Diminishing

A : Constant, B : Diminishing

A : Decreasing, B : Diminishing

A : Increasing, B : Constant

4 / 20

In the Solow Model, the point where investment is equal to depreciation is known as the ______________.

Equilibrium Point

Steady State

Break Even Point

None of the above

5 / 20

According to the Solow Model, _____________________ is a function of capital.

Labour

Output

Technology

Population

6 / 20

Consider an economy described by the following production function :

F(K, L) = K^0.5L^0.5

Assume that the rate of depreciation is 10% per year and rate of saving is 30%. Find the steady state level of Investment of Solow’s model.

i* = 0.9

i* = 0.10

i* = 3

i* = 0.16

7 / 20

Consider an economy described by the following production function :

F(K, L) = K^0.5L^0.5

Assume that the rate of depreciation is 10% per year and rate of saving is 30%. Find the steady state capital stock per worker of Solow’s model.

k* = 16

k* = 10

k* = 9

k* = 3

8 / 20

In the Solow Model, the change in saving rate produces

Level Effect

Growth Effect

No Effect on steady state

None of these

9 / 20

In the Solow Model, the economy which is not at steady state

will remain where it is initially

will automatically reach at Golden rule Level of Capital

will approach towards its steady state

will never reach its steady state

10 / 20

In the Solow Model, at the steady state we have

Change in Capital = Investment

Change in Capital = Depreciation

Change in Capital = Investment plus Depreciation

Change in Capital = Investment minus Depreciation

11 / 20

In the Solow model, the steady-state level of capital per worker is determined by:

The saving rate and the population growth rate.

The level of technology and the depreciation rate.

The saving rate, the population growth rate, the level of technology, and the depreciation rate.

Government policies and external shocks.

12 / 20

What is the "golden rule" level of capital in the Solow model?

The level of capital that maximizes the output per worker.

The level of capital that maximizes the consumption per worker.

The level of capital that maximizes the saving rate.

The level of capital that minimizes the population growth rate.

13 / 20

In the Solow model, what role does the depreciation rate play in the economy?

It determines the long-term growth rate of the economy.

It influences the steady-state level of capital per worker.

It is irrelevant to the level of output.

It only affects short-term economic fluctuations.

14 / 20

The Solow model predicts that countries with lower initial levels of capital per worker will:

Grow at the same rate as richer countries.

Grow faster than richer countries, due to diminishing returns to capital.

Grow slower than richer countries, due to higher depreciation rates.

Never catch up to richer countries.

15 / 20

In the Solow model, technological progress is often considered to be:

Endogenous.

Exogenous.

Determined by the level of capital.

Irrelevant to economic growth.

16 / 20

According to the Solow model, if a country increases its saving rate, what will happen in the long run?

The country will achieve a higher level of steady-state consumption per worker.

The country will achieve a higher level of steady-state capital per worker.

The country will experience higher population growth.

The country will see a permanent increase in the growth rate of output per worker.

17 / 20

In the context of the Solow model, what is meant by "steady state"?

A situation where the economy is growing at a constant rate forever.

A situation where the capital per worker and output per worker remain constant over time.

A situation where the saving rate is equal to the depreciation rate.

A situation where technological progress ceases.

18 / 20

According to the Solow model, an increase in the population growth rate will:

Increase the steady-state level of capital per worker.

Decrease the steady-state level of capital per worker.

Have no effect on the steady-state level of capital per worker.

Increase the steady-state level of output per worker.

19 / 20

Which of the following assumptions is NOT part of the Solow model?

Constant returns to scale in production.

Diminishing returns to individual factors of production.

Endogenous technological change.

A constant saving rate.

20 / 20

In the Solow model, convergence occurs when:

All countries grow at the same rate regardless of their initial conditions.

Poorer countries grow faster than richer ones, leading to equal levels of income per worker over time.

Richer countries grow faster than poorer ones, maintaining the income gap.

Population growth rates adjust to equalize income per worker.

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Demo PDF Notes

Demo PDF of Study Material for Economic Growth & Business Cycles

Chapter-2-The-Solow-Model

Click Here to Download Demo PDF of Study Material

For Complete PDF Notes of Economic Growth & Business Cycles

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Reading List

Click Here for Reading List of Economic Growth & Business Cycles

►Jones, Charles I and Vollrath, Dietrich (2013), Introduction to Economic Growth. W.W. Norton & Co.

►Carlin, Wendy and Soskice, David (2015 edition), Macroeconomics: Institutions, Instability and the Financial System

Exam Pattern of Economic Growth & Business Cycles

The Question Paper will be of 90 Marks

Suggested Weigtage for each Unit in the final Examination

The question paper will have roughly 50% weightage from unit II and the remaining 50% from units I and III together.

Unit II : 50%

Unit I & Unit III Combined : 50%

The paper will consist of three sections of 30 marks each:

►Section A will have 15 MCQ’s/ One-Line Answer questions of 2 marks each, with no choice of any kind.

The question paper will have clear instructions for this section that students must write only the correct answers in this section and NOT explanations.

►In Section B, students will be required to do any 6 out of 8 questions for 5 marks each.

►In Section C, students will be required to do any 3 out of 4 questions of 10 marks each.

Continuous Assessment (40 marks) and Internal Assessment (30 marks): As per the University guidelines.

Course Content of our Video Lectures

Lectures are Strictly as per Latest Syllabus for UGCF 2024

Unit I : Introduction to Economic Growth

Chapter 1 : The Facts of Economic Growth

Number Video Lectures : 2

Duration of Video Lectures : 60 Minutes

Based Upon Chapter 1 Charles I. Jones & Vollrath

Topics Covered

►Introduction to Economic Growth & Economic Development,

►Data on Economic Growth,

►Stylized Facts of Economic Growth,

Unit II : Models of Economic Growth

Chapter 2 : The Solow Model

Number Video Lectures : 7

Duration of Video Lectures : 300 Minutes

Based Upon Chapter 2 Charles I. Jones & Vollrath

Topics Covered

►Solow Model, Assumptions of Solow Model,

►Production Function, Marginal Productivity of Capital,

►Capital Accumulation Equation, Break Even Level of Investment,

►Steady State Level of Capital, Capital Deepening & Capital Widening,

►Effect of Change in Saving Rate on Steady State Level,

►Effect of Change in Population Growth Rate on Steady State Level,

►Economic Growth,

►Solow Model with Technological Advancement, Effect of Change in Investment Rate on Steady State,

►Growth Accounting, Hicks Neutral Productivity, Total Factor Productivity Growth,

►Golden Rule Level of Capital,

Chapter 3 : Empirical Applications of Neo Classical Growth Models

Number Video Lectures : 3

Duration of Video Lectures : 90 Minutes

Based Upon Chapter 3 Charles I. Jones & Vollrath

Topics Covered

►The Solow Model with Human Capital,

►Convergence & Difference in Growth Rates,

►Evolution of Income Distribution,

Chapter 4 : Economics of Ideas

Number Video Lectures : 2

Duration of Video Lectures : 95 Minutes

Based Upon Chapter 4 Charles I. Jones & Vollrath

Topics Covered

►What is Technology,

►The Economics of Ideas,

►Intellectual Property Rights & Industrial Revolution,

►Population & Ideas,

►Data on Ideas,

Chapter 5 : Engine of Growth

Number Video Lectures : 8

Duration of Video Lectures : 300 Minutes

Based Upon Chapter 5 Charles I. Jones & Vollrath

Topics Covered

►Basic Elements of Romer Model,

►Growth in Romer Model,

►Growth Effects Versus Level Effects,

►Permanent Increase in R&D Share,

►The Economics of the Romer Model,

►Final Goods Sector, Intermediate Goods Sector, The Research Sector, Solving the Romer Model,

►Basic Elements of Schumpeterian Model,

►Growth in Schumpeterian Model,

►The Economics of Schumpeterian Growth,

►Final Goods Sector, Intermediate Goods Sector, The Research Sector, Solving the Schumpeterian Model,

►Comparing the Romer & Schumpeterian Models,

►Optimal R & D,

Chapter 6 : A Simple Model of Growth & Development

Number Video Lectures : 2

Duration of Video Lectures : 95 Minutes

Based Upon Chapter 6 Charles I. Jones & Vollrath

Topics Covered

►The Basic Model,

►Steady State Analysis,

►Technology Transfer,

►Globalisation and Trade,

►Understanding Differences in Growth Rates,

Unit III : Business Cycles

Chapter 7 : Real Business Cycles & New Keynesian Models

Number Video Lectures : 2

Duration of Video Lectures : 95 Minutes

Based Upon Chapter 16 Wendy Carlin & David Soskice

Topics Covered

►The Real Business Cycle Model,

►The New Keynesian Model & Stabilisation Policy,

On Payment of Fee we will create your account on our website & you need to login and download all the lectures & our APP through that login account

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Saving Account Number

392010100053871

Axis Bank, Model Town Branch

Delhi – 110009

IFS Code : UTIB0000392

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Economics (H) Semester V [ UGCF 2024 ]

Video Lectures, PDF Notes, Mock Tests & Live Doubt Sessions are offered for the following Subjects for BA (Hons) Economics Semester V, Delhi University

Welcome to Prime Academy

We provide Best Online Coaching for Economic Growth and Business Cycles [ECON 014] for Economics (H) Semester V, University of Delhi

For getting access of recorded video lectures of

Economic Growth and Business Cycles [ECON 014] for Economics (H) Semester V

you need to subscribe our course.

If you are not registered at our website then Register Here

(After registration please inform us at +91 9899 192027 to get the access)

If you are already registered and have Got the access then Login to watch the Lectures

Semester 5 Subjects

Fee Structure :

You will get :

►Full Course Video Lectures

►Complete Study Material (PDF Notes) which includes Concepts, Previous Year Questions, Numerical Questions, MCQ’s and Important Questions

►Live Online Doubts Sessions with Expert Faculty (at least twice a week) for resolution of Doubts

►Online Discussion Forum to Post Your Queries to Discuss with Faculty & other fellow Students

►Mock Tests at the Website for regular assessment and progress tracking

►Video Lectures Cover Theory Portions Exhaustively + Complete Solutions of Back Questions of Readings + Solutions of Previous Years Papers + Large Number of Numericals

►Comprehensive Coverage of Syllabus and Exam Oriented Preperation

This online coaching platform aims to provide a supportive and engaging learning environment for students to achieve academic success and excel in their Economics Honours program.

Demo Lectures for Economic Growth & Business Cycles

Course Introduction

Chapter 1 : Facts of Economic Growth

Chapter 2 : Solow Model

These Lectures are Only for Demo.

For Complete Course Video Lectures You Need to Subscribe Our Course

Contact us at +91 9899192027 for details

Demo Quiz

For Complete Mock Test Series of Economic Growth & Business Cycles, You need to subscribe our course.

Contact us at +91 9899192027

Demo PDF Notes

Demo PDF of Study Material for Economic Growth & Business Cycles

Click Here to Download Demo PDF of Study Material

For Complete PDF Notes of Economic Growth & Business Cycles

Contact us at +91 9899192027

Reading List

Click Here for Reading List of Economic Growth & Business Cycles

Recommended Readings

►Jones, Charles I and Vollrath, Dietrich (2013), Introduction to Economic Growth. W.W. Norton & Co.

►Carlin, Wendy and Soskice, David (2015 edition), Macroeconomics: Institutions, Instability and the Financial System

Exam Pattern of Economic Growth & Business Cycles

The Question Paper will be of 90 Marks

Suggested Weigtage for each Unit in the final Examination

Unit II : 50%

Unit I & Unit III Combined : 50%

►Section A will have 15 MCQ’s/ One-Line Answer questions of 2 marks each, with no choice of any kind.

►In Section B, students will be required to do any 6 out of 8 questions for 5 marks each.

►In Section C, students will be required to do any 3 out of 4 questions of 10 marks each.

Course Content of our Video Lectures

Lectures are Strictly as per Latest Syllabus for UGCF 2024

Unit I : Introduction to Economic Growth

Chapter 1 : The Facts of Economic Growth

Number Video Lectures : 2

Duration of Video Lectures : 60 Minutes

Based Upon Chapter 1 Charles I. Jones & Vollrath

Topics Covered

►Introduction to Economic Growth & Economic Development,

►Data on Economic Growth,

►Stylized Facts of Economic Growth,

Unit II : Models of Economic Growth

Chapter 2 : The Solow Model

Number Video Lectures : 7

Duration of Video Lectures : 300 Minutes

Based Upon Chapter 2 Charles I. Jones & Vollrath

Topics Covered

►Solow Model, Assumptions of Solow Model,

►Production Function, Marginal Productivity of Capital,

►Capital Accumulation Equation, Break Even Level of Investment,

►Steady State Level of Capital, Capital Deepening & Capital Widening,

►Effect of Change in Saving Rate on Steady State Level,

►Effect of Change in Population Growth Rate on Steady State Level,

►Economic Growth,

►Solow Model with Technological Advancement, Effect of Change in Investment Rate on Steady State,

►Growth Accounting, Hicks Neutral Productivity, Total Factor Productivity Growth,

►Golden Rule Level of Capital,

Chapter 3 : Empirical Applications of Neo Classical Growth Models

Number Video Lectures : 3

Duration of Video Lectures : 90 Minutes

Based Upon Chapter 3 Charles I. Jones & Vollrath

Topics Covered

►The Solow Model with Human Capital,