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ERIC Number: EJ771292
Record Type: Journal
Publication Date: 2007
Pages: 7
Abstractor: Author
ISBN: N/A
ISSN: ISSN-0022-0485
EISSN: N/A
Available Date: N/A
A Beginner's Guide to the Solow Model
Stein, Sheldon H.
Journal of Economic Education, v38 n2 p187-193 Spr 2007
The Solow model is widely regarded as the workhorse model of the theory of economic growth. Although at one point this model was first encountered in graduate school, it has since filtered down to the intermediate and, occasionally, to the principles of macroeconomics course. Many have commented on how difficult it is to teach the Solow model to undergraduates, especially to students in the principles of macroeconomics course. The author demonstrates that under the assumption that the level of savings is autonomous, the essence of the stockflow adjustment of the Solow model becomes much easier to comprehend. (Contains 3 tables and 1 figure.)
Heldref Publications. 1319 Eighteenth Street NW, Washington, DC 20036-1802. Tel: 800-365-9753; Tel: 202-296-6267; Fax: 202-293-6130; e-mail: subscribe@heldref.org; Web site: http://www.heldref.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: Teachers
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A
Author Affiliations: N/A