Submitted by economicurtis on Thu, 01/03/2013 - 16:47
This video was recorded for an intermediate level macroeconomics course's section tutorial.
We work with the 'full' solow swan model with labor-augmented technology growth and population growth.
Given an increase in the growth rate of labor augmenting technology, what is the effect on Aggregate Output (Y), Capital (K), Investment (I) and Consumption (C), per-capita output (y), capital (k), investment (i) and consumption (c), and per-effective-worker capital (k\hat) and output (y\hat)?
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