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Hi Everyone, in this video I go through the algebraic setup and solutions for a simple version of Solow Swan.
0:00 Introduction
0:34 The production Function
1:36 Putting the Production Function in Intensive Form
3:31 Capital Accumulation
5:17 Growth rate of capital/labour ratio
7:25 Finding Capital Accumulation in Intensive Form
10:14 Finding the Steady State Equilibrium outcomes
This is the Jones and Vollrath Textbook I talked about at the beginning: wwnorton.com/books/9780393919172
Rules of Exponents:
• Introduction to Exponents
Taking Logs and Derivatives of k:
• Taking Logs and Deriva...
Savings = Investments in a closed Economy:
• Savings Equals Investm...