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1. describe how changes in i. population growth rate, ii. savings rate, iii. technology growth rate change the stationary state in a Solow growth model.
2.describe how the economy behaves out of the stationary state in a Solow model.
3.Which of Kaldori´s facts does the Solow model describe? describe how.
4.How can you get endogenous growth in a model with human capital?
5. How and why are externalities important in an endogenous growth model?
6.What is the relationship between the marginal rate of substitution between leisure and labor and the marginal product of labor in the Robinson Crusoe model.

Microeconomics, Economics

  • Category:- Microeconomics
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