Introduction to Economic Growth

A revision worth waiting for

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Introduction to Economic Growth, Fourth Edition is the only text to synthesize the research and thinking on growth in a way that is accessible to undergraduates. Highlights of this thorough revision are its emphasis and discussion of recent advancements in how we understand our economy of ideas and updates to show how core models - Romer, Solow, and Schumpeter - impact decision making.

Simplifies teaching, learning, and understanding the major growth models
In the Fourth Edition, the authors have given all three of the major models (Romer, Schumpeter, and Solow) separate chapters. This allows the authors to include more context and explanation, providing a strong foundation for students as they encounter more complex concepts later in the book.

Clearly covers and explains new research in the economy of ideas
Recently, there has been a lot of important research into the economics of innovation and ideas. The text uses examples from this new research to explain and illustrate our increased understanding of economic growth concepts.