Thank you! ~it took a while to collect and organize the content, but I half-feel now that I won't need to teach another "nitty gritty of the solow model" lecture anymore!
With a change in population growth (in this model) you can expect a smooth transition in per-capita-output because per-capita-output is a function of capital. Even though pop changes, capital still takes time to accumulate or depreciate away. Also, even though the population growth rate may have changed, it still takes time for population to change. So population also won't snap to a new level with a change in g_n. Snap changes to y(k) would come from changes in Capital (K), L, perhaps more.
if the investment curve depends on s*y and y is also depends on population growth. therefore. shouldnt population growth effect both investment curve and depreciation curve?
Writing my finals in two days and these videos are very helpful
Awesome! I'm glad I can help. It looks like my little experiment last winter break is a success!
mate you're a absolute legend for these videos
you should be called Solowman!
Your videos are amazing! I have a final tomorrow and your videos did a better job of explaining the Solow Model than did 3 weeks of lectures. Thanks!
Thank you!
~it took a while to collect and organize the content, but I half-feel now that I won't need to teach another "nitty gritty of the solow model" lecture anymore!
I've got my final exam in macro tomorrow. Really appreciate your work.
you are too genius. Without a doubt, your teaching is absolutely superb!
With a change in population growth (in this model) you can expect a smooth transition in per-capita-output because per-capita-output is a function of capital. Even though pop changes, capital still takes time to accumulate or depreciate away.
Also, even though the population growth rate may have changed, it still takes time for population to change. So population also won't snap to a new level with a change in g_n.
Snap changes to y(k) would come from changes in Capital (K), L, perhaps more.
A final in January, odd schedule?
Happy to help and good luck tomorrow.
if the investment curve depends on s*y and y is also depends on population growth. therefore. shouldnt population growth effect both investment curve and depreciation curve?
thanks a lot, great vid
8 years ago and nothing can compare
Fucking fantastic.