WEEKI
Syllabus
keyconcepts
regularlyover
reported
services
ofanavgperson
findingoutgeopoliticalpower
child life life working Co2
mortality expectancy satisfaction hours emissions
similarin
earlyperiods
, 10g growingg
g
declining
s t
GDPat t withgrowth
g
see
geforaunitchangeoftime Ye Ye i
Ye l
continuoustime instantaneous
e at day
Y at É
g Yy
y41
Takelogsandderivatives
g ily
LEVELS
RATES
Janie
, Generalframework
Productionfunction
y FKL I
Assumeconstantreturntoscale dimmargproductivity
F 2 K 2 L 2 F kill
replication Kil arrival
ZE Fu 0
II Fan co
wecan't makemoreperunit
if wet Kil
homogenousdegree1
concavefunction
4 diminishingreturns
clonggreggunction pivotfuprefiction perigetitifunction
CobbDouglas
Y = AK ® L1¡®
drivescapitalshare XE 0,11
ofincome elasticity
Y = (AK)® L1¡® Y = K ® (AL)1¡®
perworker
Aff
output
y Ak flu
diminishingreturn
mpk JE aah so
ig
factor
shares
I mp
a II MP
1 a
Y = AK ® L1¡®
, WEEK2
capital
orthodox
BasicSolowmodell
modelshowswhathappens
i
Assumecompetitivemarkets constant
population technology k isthekeyendogenousvariable
hwamp re mph 4 dep 4 inv
profuctionfungion capitalaccummulation
equation
CobbDouglasproductionfunction
EE 0,11
returntoscale
constant elasticity
a technology
dimmargproductivity alsodegreeofdiminishingreturns
Kae a
perworker
output diminishingreturns
y I A
IF Ak flu Mek
IE aan so
ÉÉ a a 1 un co
independentof r w
n nm
mPu K
II dally thy t
constant
Il Hak t
Meg y
M
g Y II
Syllabus
keyconcepts
regularlyover
reported
services
ofanavgperson
findingoutgeopoliticalpower
child life life working Co2
mortality expectancy satisfaction hours emissions
similarin
earlyperiods
, 10g growingg
g
declining
s t
GDPat t withgrowth
g
see
geforaunitchangeoftime Ye Ye i
Ye l
continuoustime instantaneous
e at day
Y at É
g Yy
y41
Takelogsandderivatives
g ily
LEVELS
RATES
Janie
, Generalframework
Productionfunction
y FKL I
Assumeconstantreturntoscale dimmargproductivity
F 2 K 2 L 2 F kill
replication Kil arrival
ZE Fu 0
II Fan co
wecan't makemoreperunit
if wet Kil
homogenousdegree1
concavefunction
4 diminishingreturns
clonggreggunction pivotfuprefiction perigetitifunction
CobbDouglas
Y = AK ® L1¡®
drivescapitalshare XE 0,11
ofincome elasticity
Y = (AK)® L1¡® Y = K ® (AL)1¡®
perworker
Aff
output
y Ak flu
diminishingreturn
mpk JE aah so
ig
factor
shares
I mp
a II MP
1 a
Y = AK ® L1¡®
, WEEK2
capital
orthodox
BasicSolowmodell
modelshowswhathappens
i
Assumecompetitivemarkets constant
population technology k isthekeyendogenousvariable
hwamp re mph 4 dep 4 inv
profuctionfungion capitalaccummulation
equation
CobbDouglasproductionfunction
EE 0,11
returntoscale
constant elasticity
a technology
dimmargproductivity alsodegreeofdiminishingreturns
Kae a
perworker
output diminishingreturns
y I A
IF Ak flu Mek
IE aan so
ÉÉ a a 1 un co
independentof r w
n nm
mPu K
II dally thy t
constant
Il Hak t
Meg y
M
g Y II
