Explain some of the main implications of the standard neoclassical growth model and then explain whether you agree or disagree with the proposition that countries like China, Ireland and South Korea have grown rapidly in the last few decades because the key determinants of their steady-state incomes have risen dramatically.

Initial Guidelines:

● The answer should not exceed 1000 words. There should also be included an accurate word count on the front cover of the assignment.

● A reference list/bibliography is required. This list does not contribute to the word count.

● Use Arial or Calibri font at 12-point.

● It is advised to generate your own diagrams and may include photographs or scans of your own hand-drawn, labelled diagrams or calculations. However, it is best that equations should be embedded in the document using an appropriate equation editor.

Figures and tables should normally be included inline in the text.

● The answer will be assessed using the Marking Criteria (below). In particular, there will be focus on the following three elements:

(1) Analysis and Approach; (2) Knowledge and Understanding and (3) Style, Presentation, Organisation and Use of Sources.

Question on Topic 1 – Economic Growth:

Explain some of the main implications of the standard neoclassical growth model and then explain whether you agree or disagree with the proposition that countries like China, Ireland and South Korea have grown rapidly in the last few decades because the key determinants of their steady-state incomes have risen dramatically.

Referencing
If you reference papers in your answers, you should reference them using a consistent referencing system, such as the Harvard referencing system; you should normally cite sources in the text. As a general rule, you should avoid using footnotes to reference.

Last Completed Projects