1. Explain the determinants of the present value of innovation in Romer’s Schumpeterian research and development model.
2. Explain using Romer’s model the effect of an increase in the mark-up firms earns on the level of innovation in an economy. Briefly outline the implications of your answer for the economy.
3. Set out your understanding of the efficiency criterion in taxation. Drawing on the 2009 Commission of Taxation, choose a reform that sought to improve the efficiency of the Irish Tax System. Explain your choice
4. Since the financial crisis in 2008, in economic terms what has Europe’s involvement been in the Irish Financial affairs.
5. Describe the different elements of Solow’s Neo-Classical Theory of Economic Growth. Comment on the significance of savings/investment in the theory.
6. Using your knowledge of the history of economic growth, compare and contrast Malthus’ Theory of Economic Growth with Solow’s Theory of Economic Growth.
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