Intermediate Macroeconomics – 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 in come shave risen dramatically.

Economic GrowthMacroeconomics – Economic Growth

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.
● Please 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, Organization and Use of Sources.

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 in comes have risen dramatically.