{"id":509,"date":"2014-06-27T16:12:13","date_gmt":"2014-06-27T16:12:13","guid":{"rendered":"http:\/\/zh.aceessays.com\/tc\/?p=509"},"modified":"2015-01-18T20:41:06","modified_gmt":"2015-01-18T20:41:06","slug":"outline-of-the-lecture","status":"publish","type":"post","link":"https:\/\/www.aceessays.com\/tc\/outline-of-the-lecture\/","title":{"rendered":"Outline of the Lecture"},"content":{"rendered":"<h3>Outline of the Lecture<\/h3>\n<ul>\n<li>Review of Solow Model.<\/li>\n<li>Development Accounting<\/li>\n<li>Going beyond Solow Model<\/li>\n<li>First part of the assignment presentation<\/li>\n<\/ul>\n<h3>Solow production function<\/h3>\n<ul>\n<li>We begin with a production function and assume constant returns. Y=A .F(K,L) so\u2026 zY=F(zK,zL)<\/li>\n<li>By setting z=1\/L we create a per worker function. Y\/L=F(K\/L,1)<\/li>\n<li>So, output per worker is a function of capital per worker. We write this as, y=f(k)<\/li>\n<\/ul>\n<ul>\n<li>The slope of this function is the marginal product of capital per worker. MPK = f(k+1)\u2013f(k).<\/li>\n<li>It tells us the change in output per worker that results when we increase the capital per worker by one.<\/li>\n<\/ul>\n<ul>\n<li>The function of production of Solow model tell us how the variation output per worker is due to the variation of capital per worker . Y=F(k)<\/li>\n<li>Let us see how Solow explain the variation of capital .<\/li>\n<\/ul>\n<ul>\n<li>where k is capital per worker<\/li>\n<li>y is real gross domestic product (real GDP) per worker<\/li>\n<li>y\/k is the average product of capital<\/li>\n<li>s is the saving rate<\/li>\n<li>\u03b4 is the depreciation rate<\/li>\n<li>n is the population growth rate.<\/li>\n<li>We assumed that everything on the right-hand side was constant except for y\/k. We found that, in the transition to the steady state, the rise in k led to a fall in y\/k and, hence, to a fall in ?k\/k. In the steady state, k was constant and, therefore, y\/k was constant. Hence, ?k\/k was constant and equal to zero<\/li>\n<\/ul>\n<p>Essay writing help: <a href=\"http:\/\/www.aceessays.com\/tc\/\">\u8ad6\u6587\u4ee3\u5beb<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Outline of the Lecture Review of Solow Model. Development Accounting Going beyond Solow Model First part of the assignment presentation Solow production function We begin with a production function and assume constant returns. Y=A .F(K,L) so\u2026 zY=F(zK,zL) By setting z=1\/L we create a per worker function. Y\/L=F(K\/L,1) So, output per worker is a function of capital per worker. We write this as, y=f(k) The slope of this function is the marginal product of capital per worker. MPK = f(k+1)\u2013f(k). It tells us the change in output per worker that results when we increase the capital per worker by one. The function of production of Solow model tell us how the variation output per worker is due to the variation of capital per worker . Y=F(k) Let us see how Solow explain the variation of capital . where k is capital per worker y is real gross domestic product (real GDP)<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-509","post","type-post","status-publish","format-standard","hentry","category-notes"],"_links":{"self":[{"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/posts\/509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/comments?post=509"}],"version-history":[{"count":1,"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/posts\/509\/revisions"}],"predecessor-version":[{"id":1530,"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/posts\/509\/revisions\/1530"}],"wp:attachment":[{"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/media?parent=509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/categories?post=509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/tags?post=509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}