(Solved): 1. What is the difference between endogenous growth and exogenous growth models? 2. What are the po ...

1. What is the difference between endogenous growth and exogenous growth models? 2. What are the possible ways to increase human capital in a country? 3. What is the difference between within country inequality and between country inequality? 4. Comment on why South America and North America had so different economic trajectories after getting their independence? (You can add your own opinion. There is no right or wrong answer for this exercise.) 5. What do you think about putting carbon quotas for all the countries in the world? Discuss it. NOTE: I want YOUR opinion on the subject, you do not have to repeat what I said in the lecture, but you have to construct an educated opinion based on everything we learned in this course. 6. Considering our discussion on the institutions, how can a non-democratic country becomes a democracy? (Hint: The example in our discussion was how British bourgeoisie limited the power of the king/queen. 7. Daron Acemoglu and James Robinson argue that democratic institutions are the most fundamental cause of economic growth. Argue why institutions might be more important than culture and geography. 8. Compare the Malthusian and Kremerian views of population growth.