gs_-22_--_Interest_and_capital - AFTER A FEW MORE LECTURES...

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1 2/16/2010 Econ 11 -- Lecture #22 1 AFTER A FEW MORE LECTURES WE WILL BE SHIFTING TO MACROECONOMICS ( RED BOOK) 2/16/2010 Econ 11 -- Lecture #22 2 LECTURE 22: CAPITAL AND INTEREST INTEREST AND CAPITAL WHY INTEREST OCCURS PRODUCTIVITY OF CAPITAL INTEREST RATE & GROWTH INTEREST RATE & PRESENT VALUE INTEREST AND CAPITAL o Productivity of capital and interest o Why interest rates are higher in low income countries than in high income countries
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