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November 30, 2006
Midterm 2 Answers
Posted by bparke at 08:42 PM | Comments (0)
November 21, 2006
Homework and Review
ch. 5, #1
ch. 5, #2
ch. 5, #3
Some ideas for Midterm 3:
Type 1 questions are analytic bits such as steps in the major derivations.
Type 2 questions have longer answers to questions that start with the initial equations and end with the conclusions. One question will be the basic Solow model. Another will likely be exogenous tech change, human capital, or endogenous tech change.
Type 3 questions will be a copy of a chart/charts and "What does Jones say this shows?"
Posted by bparke at 09:53 PM | Comments (0)
November 16, 2006
Homework
ch. 3, #6
First, we went through some algebra.
Then, we found a direct route to the answer.
Posted by bparke at 09:52 PM | Comments (0)
November 14, 2006
Endogenous Technological Change
Adding endogenous technological change to the basic model:
Posted by bparke at 09:50 PM | Comments (0)
November 09, 2006
Term Paper Research
Posted by bparke at 11:02 PM | Comments (0)
November 07, 2006
Optimal Savings Rate
Problem 2, Chapter 5, Jones.
The optimal savings rate (to maximize consumption) is s = alpha.
To find the point where the derivative is zero, we can cancel the n+g+d factors. Differentiating the factors involving s using the product rule yields the result.
Posted by bparke at 11:38 PM | Comments (0)
Investment in Human Capital
Posted by bparke at 10:56 PM | Comments (0)
Growth Accounting
Posted by bparke at 09:04 PM | Comments (0)
November 02, 2006
Technological Change
Posted by bparke at 10:55 PM | Comments (0)