Submitted by economicurtis on Thu, 01/03/2013 - 16:24
In this video (recorded for an intermediate level macroeconomics course section tutorial) I introduce and set-up the simple Solow Model.
The focus of the video is to cover the nitty gritty details of the maths driving the conclusions covered in Cowen & Tabarrok's "Economic Growth 2" chapter.
We discuss the model's variables, parameters, and notation - and discuss the model's assumption. We also develop the law of motion of capital, and start working toward the steady state level of capital.
Simple Solow Model - set-up, assumptions and law of motion of capital
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