This course examines the growth in the global economy, bubbles in asset prices and subsequent economic/financial crises.
In the first part of the course, standard models of aggregate economic growth and the broad macroeconomic indicators, such as Gross Domestic Product (GDP), Rate of inflation, Per capita income, Unemployment Level, Balance of Payments are reviewed. In the second part, the effects of financial development and trade on economic growth and structure are addressed. As the last part, the extant financial crises, which threaten the global economic growth and create asset pricing bubbles are assessed. All these issues will give students important insights to evaluate the recent global economic and financial environment.