What This Document Is
This document is a problem set designed to reinforce your understanding of key concepts covered in an introductory economics course, specifically focusing on growth and development economics. Created for Economics 2 at the University of California, Berkeley, it’s intended as a practice tool to help students solidify their grasp of the material *before* formal assessment. It is explicitly stated that no answers will be provided, making it a self-study resource.
Why This Document Matters
This problem set is invaluable for students aiming to master the principles of economic growth. It’s particularly useful for those who learn best by applying concepts to challenging scenarios. Working through these problems will help you identify areas where your understanding is strong and pinpoint topics requiring further review. It’s best utilized *after* attending lectures and reviewing course readings, as a way to actively test and refine your knowledge base in preparation for exams.
Topics Covered
* Models of Research & Development (R&D) and resource allocation
* Human Capital contributions to income differences across countries
* The role of social infrastructure in economic performance
* Production functions and their application to international income disparities
* Externalities and investment incentives
* Advanced concepts from David Romer’s textbook (specifically problems related to chapters 4)
What This Document Provides
* A series of analytical problems designed to test comprehension of core economic principles.
* Questions that require application of theoretical frameworks to real-world economic scenarios.
* Problem sets directly referencing material from a specific economics textbook.
* A set of “extra” problems for further exploration of related topics, though these are noted as not being directly relevant to the core exam material.
* A self-assessment opportunity to gauge your preparedness for course evaluations.
