SOLOW MODEL PART 2 | GOLDEN RULE

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SOLOW MODEL PART 2 | GOLDEN RULE

Рет қаралды 14,457

3 жыл бұрын

Hello,
This video is part 2 of the Solow Growth Model. It explains the Golden Rule.
Exam style question at 5:12.
Hope it is somewhat helpful.
Love,
Meg x
www.buymeacoff...
P.S. Subscribe, it's free!
Want to contact me? Email at me:
mathswithmeg@gmail.com

Пікірлер: 35

@xampap 26 күн бұрын

never understood a video better than this. God bless you.

@MegS-econ-maths 26 күн бұрын

@@xampap such a kind comment, thank you

@peterkimber6020 2 жыл бұрын

One of the best videos I've seen. Really helpful; thanks!

@MegS-econ-maths 2 жыл бұрын

Thank you for taking the time to leave such a lovely comment.

@divanoelofse8457 3 жыл бұрын

This was a very clear and concise explanation. Thank you very much! You've really helped me.

@MegS-econ-maths 3 жыл бұрын

This is so sweet, thank you for taking the time to comment!

@feelixx.d 3 жыл бұрын

Thanks for the explaination, Meg!

@NE0ZONE 8 ай бұрын

thank you so much! you made this so easy and interesting!

@MegS-econ-maths 8 ай бұрын

You're so welcome!

@andrewsmith3613 11 ай бұрын

When using a Cobb-Douglas production function, the golden rule savings rate will always equal the exponent on k, which represents capital's share of income.

@MegS-econ-maths 11 ай бұрын

You’re right, it does :). I don’t like to announce this fact for a couple of reasons: 1) most exams require to see your workings of how to get there 2) it’s a result that is specific to a basic Solow model with a Cobb-Douglas production function (as you mentioned) and I’ve found students forget these assumptions need to be met and then go on trying to apply this once the model changes etc

@andrewsmith3613 11 ай бұрын

I agree, it is good pedagogy to go through the process in full. Thank you for your video. I will use it with my A2 students who are preparing for the Oxbridge admissions process.@@MegS-econ-maths

@TheBobbyBoucher Жыл бұрын

You made this easy to understand thanks

@Adriana-wl6rw 2 жыл бұрын

you are way better than my prof

@Strwbbe 10 ай бұрын

TYSM!!

@Sinaxtx2562 3 жыл бұрын

Amazing ! Thank u and keep going

@Economicstrack38 Жыл бұрын

Good explanation

Жыл бұрын

It has helped me a lot

@MegS-econ-maths Жыл бұрын

Yay so nice to hear!

@aqasaf 2 жыл бұрын

how do you find that capital in steady state is equal to 64?

@MegS-econ-maths 2 жыл бұрын

Watch the first video 😊

@lostcatto8553 2 жыл бұрын

good vid ^^ could you please explain what it means that production function is to the power of a fraction? what else could it be to the power to?

@MegS-econ-maths 2 жыл бұрын

Hey, if I remember correctly I explained about the powers and how it affects the shapes in the part 1 video :)

@user-cx5wq9rn6e Жыл бұрын

your accent is suu cutiee

@Adriana-wl6rw 2 жыл бұрын

how would i find the golden level of s?

@MegS-econ-maths 2 жыл бұрын

You have d=sf'(k) as the golden rule condition. Fill in for d and sub in Kgold and rearrange for s

@Adriana-wl6rw 2 жыл бұрын

@@MegS-econ-maths thanks!!! you prevented another mental breakdown before my exam😆

@MegS-econ-maths 2 жыл бұрын

@@Adriana-wl6rw good luck!

@jhon-snowebenzeracheampong3575 Жыл бұрын

Are you married ? can we get married if you are not ? These brains are very active

@MegS-econ-maths Жыл бұрын

Haha best comment I’ve ever received

@jhon-snowebenzeracheampong3575 Жыл бұрын

You’re lovely

@izrulibrahim3769 2 жыл бұрын

That accent!

@MegS-econ-maths 2 жыл бұрын

Hahah I hate my accent!!

@munkymabaso2722 5 ай бұрын

Dude please slow down😂😅

@MegS-econ-maths 5 ай бұрын

You do realise you can choose x0.5 on the video, right?