Solow Model - Transition Dynamics & Time Series (Part 4)

We discuss transition dynamics, time-series and convergence dynamics of the Solow-Swan Model. We show how if capital-per-worker is off the steady state value, capital-per-worker will converge toward it.
We see this with time-series graphs as well.

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Lecture Outline

[sliceoflife]

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[badawiabdalla]

I am really grateful to this YouTube channel for creating a content, i didn't understand with my professor in class

[economicurtis]

My pleasure!

Interestingly, I started making videos as prep for my tutorial section, and so that I wouldn't have to repeat answers to the same questions I get asked several times each quarter. It's hard to believe there are so many more people out there who'll also benefit.

[kevintruong]

Hey economicurtis, I'm a student from CSULB and I just wanted to say thank you for taking the time to create this videos. Only 274 views on this video, but that means 274 people that you've helped! Thanks for clearing up what my economics teacher couldn't.

[Willcross]

Phenomenal videos, extremely helpful and very easy to understand. You're one of the best teachers of all time!

[minhngoc]

I have learned this model since my first year at university and now I just forgot all about it. Thank iu for helping me recall it. The knowledge is critical for my current research work.

[economicurtis]

You're the first to mention this! I'm happy you liked it.

Whatever will I do when I cover the slutsky decomposition!?

[BlazedAkki]

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[kevintruong]

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[johnterry]

Killin it bud can't tell you how helpful this is 

[economicurtis]

Thank you for the compliments. I put a far amount of effort into thinking about the best organization for the content (I think I'm almost there, but not quite yet.)

And you're not the first to point out my problem with my recording (is it background noise? or you just can't hear me?) Hopefully it's not too much of a distraction, and I'll have to invest in a nicer mic and a better recording room before my next big group of videos!

[xSutherland]

Awesome series. Big thanks from a third year Economics student. Your videos on other topics have helped me as well!

Hey Economicurtis, thank you for making so many useful videos. Your explaination is so clear and intuitive. And I just wonder whether you have made any video about the absolute and conditional convergence.

[paninizi]

Very nice and well explained. Thank you very much for your efforts for these helpful videos. please upload more advance macroeconomics subjects such as investment and employment models, nominal rigidity, ....

[samantharahman]

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[Ella-wqtq]

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[Zhugeliang]

Thank you so much! I couldn't catch up in my school's lecture, but now, at least I knew what is happening! Thanks for your effort in making these videos! -Subscribed- :)

[suthet]

Thank You for your lectures. They are quite useful for me. Can I get these lectures by PDF?

[sushantvaidik]

Great lectures! What software are you using to show the transition dynamics and what intuition/formula do you imply to generate those values? Which values do u start at

[pedromrfernandes]

Do have any video explaining the Neutral Technological Progress? Thanks