Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2015
Econ 164
Technical Note 4: Malthus to Solow
The Model Economy
A general formulation of this economy is one in which there are two production
processes available for producing output. The first is deno
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2015
Economics 164
Prof. Gary Hansen
Answer to Assignment 5 (Problem 2)
2. Consider a Malthusian model with capital. That is, Yt S 1 K t 2 ( At Lt )11 2 ,
At 1 (1 g ) At , and Lt 1 (1 ) Lt . In this case S
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2015
Economics 164
Prof. Gary Hansen
Assignment 2
1. The neoclassical production function is a function F K , N , where K is capital and N
is labor, that satisfies the following assumptions:
(i) Constant r
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2015
Econ 164
Technical Note 5: Making the Growth Rate Endogenous
The goal here is to augment the basic Solow growth model with a theory for how useable
knowledge ( At ) is produced and thereby to have a m
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2014
Economics 164
Prof. Gary Hansen
Assignment 2
1. The neoclassical production function is a function F K , N , where K is capital and N
is labor, that satisfies the following assumptions:
(i) Constant r
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2014
Economics 164L
Prof. Gary Hansen
Possible Topics for Economics in Action Conference
Basic Organization: Students will work in groups of three and prepare a 10 minute presentation.
Each member of the g
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2015
Economics 164
Prof. Gary Hansen
Assignment 1
The purpose of this assignment is to familiarize you with some of the properties of
difference equations. Economic time series in the models we will be stu
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2015
Answers to Assignment 1Note: Explore this spreadsheet; it will help you to learn Excel.
80000
60000
100
98
100
98
100
98
100
98
100
98
100
98
100
98
100
Column C
Column D
20000
0
1
2
3
4
5
6
7
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2015
Economics 164
Fall 2012
Name_
Student ID Number_
Answers to Midterm Exam
Instructions: You have 75 minutes to complete this exam. No calculators, notes, or
other devices are allowed. You should write
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2015
Economics 164
Prof. Gary Hansen
Assignment 3
In this assignment, the goal is to study the evolution of per capita output in the Solow
growth model with population growth and technological progress. As
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2015
Economics 164
Prof. Gary Hansen
Assignment 4
1. Consider the Malthusian model where Yt S ( At Lt )1 , At 1 (1 g ) At , and
Lt 1 (1 ) Lt . In this case S is the (constant) quantity of land, L is labor,
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2014
Country
year
United States
United States
United States
United States
United States
United States
United States
United States
United States
United States
United States
United States
United States
Unite
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2015
Economics 164
Fall 2014
Name_
Student ID Number_
Answers to Midterm Exam
Instructions: You have 75 minutes to complete this exam. No calculators, notes, or
other devices are allowed. You should write
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2015
A. kt
1
1
s
kt
k
(1 g )(1 )
(1 g )(1 )
1
1
s
The steady states are 0,
,
(1 g )(1 ) 1
where the first is unstable and the second is stable. That is,
the difference equati on has slope greate
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2014
Lecture 2: Growth Accounting
Saki Bigio
April 25, 2017
Everything reminds Milton Friedman of the money supply. Well, everything reminds me of sex,
but I keep it out of the paper.
Robert Solow
1
The De
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2014
ECON164 Homework1
Masaki Kitsugi
Question1: Growth Rules



If a countrys income grow at a 1% annual rate,
It will take 70 years to double its income based on the seventy rule (70/1%).
Caluculation
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2014
This sheet exhibits Table 2.2 of "Capital in 21st Century". The left panel uses directly compounds annually, whil
the exponential formula. Notice how the gaps between the two methods enlarges when the
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2014
Q1. Write down the equation for the Solow residual that we derived in class. How can
you relate this equation to data? In particular, describe the variables that you would need
to compute the Solow re
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2015
country
ccode
Argentina
Australia
Austria
Burundi
Belgium
Benin
Burkina Faso
Bolivia
Brazil
Canada
Switzerland
Chile
China
Cote d'Ivoire
Cameroon
Colombia
Costa Rica
Denmark
Dominican Republic
Algeria
Advanced Topics in Macroeconomics: Theory of Economic Growth
ECON 164

Fall 2015
22Dec
25Dec
26Dec
27Dec
28Dec
29Dec
Thu
Fri
Sat
Sun
Mon
1. American Museum of
1. Metropolitan
1. Empire State Building
1. Statue of Liberty Natural History
Museum of Art
Chinatown
(12 hrs)
(3 h