Introduction to the Solow Growth Model (ep. 1)

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  • Опубликовано: 3 дек 2024

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  • @skullbones2053
    @skullbones2053 8 месяцев назад +3

    I am in college studying this right now and you've summed an entire unit into a 6 min video! Amazing!

  • @danekblack2355
    @danekblack2355 7 лет назад +263

    speed at 1.25, perfect lol

  • @andrebezuidenhout3135
    @andrebezuidenhout3135 5 лет назад +7

    This was really helpful in making a clear relationship between the depreciation line and the saving function. Thank you.

  • @xbrando7
    @xbrando7 6 лет назад +11

    Well Done Alex!!! I took Intermediate Macro 2 years ago and this is exactly how I remember it, only simpler. A great refresher :)

  • @sorosw2980
    @sorosw2980 4 года назад +3

    I studied this concept in college but watched this video just for reviewing. Great summary and keep up the good work!

  • @bigjayfitness
    @bigjayfitness 7 лет назад +87

    congrats, you just proved how incompetent my professor is. great explanation

  • @dhanukaperera594
    @dhanukaperera594 5 лет назад +1

    Was starting at this graph on my book with no idea on what it was till I watched this. Thanks!

  • @mathewajayi2482
    @mathewajayi2482 11 месяцев назад

    Great work. The explanation seem straight forward enough. The depreciating effect of capital accumulation and the effect of technology on growth.

  • @Emre-yh2xj
    @Emre-yh2xj 6 лет назад +6

    Thanx Alex, you did a great job. This video give me an another perspective about solow growth model

  • @lukemagro1639
    @lukemagro1639 3 года назад +2

    Spent a couple of weeks trying to understand this, managed to get it in 6:55 mins today

  • @redreed42
    @redreed42 8 лет назад +35

    God bless you dude :´/ have a macro exam coming up, didn't get a thing before. Thank you!! Much appreciated

    • @lukemagro1639
      @lukemagro1639 3 года назад +1

      Right m8

    • @Godeuzz
      @Godeuzz 3 года назад +1

      Aw Anka Jien istja bro

    • @lukemagro1639
      @lukemagro1639 3 года назад +1

      Currently doing an assignment

    • @lukemagro1639
      @lukemagro1639 3 года назад

      Ahba xkumbinazzjoni

    • @PunmasterSTP
      @PunmasterSTP 2 года назад

      Hey I know this was forever ago, but how'd the exam go?

  • @SinisterFahim
    @SinisterFahim 6 лет назад +2

    you are a god amongst professors.

  • @Godeuzz
    @Godeuzz 3 года назад +6

    After years of reading and researching on the solow growth model, in 6 mins at 1.25 speed I managed to learn everything. Thank you my G No cap laqwa wiehed int

  • @mandisakota8184
    @mandisakota8184 4 года назад +2

    Thank you, this was years ago but its still effective.

  • @fangisnotmyname
    @fangisnotmyname 5 лет назад +1

    That was very helpful - I took Macro over a year and a half ago and I didn't remember a thing about this model when it was brought up in class today. Thank you so much.

    • @PunmasterSTP
      @PunmasterSTP 2 года назад

      I know it's been awhile, but I was just curious. How did the rest of your class go?

  • @Twister3311
    @Twister3311 8 лет назад +7

    All I can say is THANKYOU!

  • @ankita7756
    @ankita7756 4 года назад +1

    This is really a great and simple explanation to help understand the model.

  • @jaydenchong2836
    @jaydenchong2836 7 лет назад +6

    Really nice video, explain it better than my Unimelb lecturer

    • @mukrimmowlana1206
      @mukrimmowlana1206 6 лет назад +1

      explained better than unideakin lecturer as well haha

  • @PunmasterSTP
    @PunmasterSTP 2 года назад

    Solow? More like "So long"...to ignorance! Thanks for sharing all this wonderful information with us.

  • @monoswaeedey3508
    @monoswaeedey3508 7 лет назад +8

    Love you bro. This video will be praised by everyone who have exams towmorrow ❤❤❤👏👏👏

    • @PunmasterSTP
      @PunmasterSTP 2 года назад +1

      I know it's been like forever, but how'd those exams go?

    • @monoswaeedey3508
      @monoswaeedey3508 2 года назад +1

      @@PunmasterSTP well glad you asked, Passed That exam with respectable marks, and persuing my dream profession now!

    • @PunmasterSTP
      @PunmasterSTP 2 года назад

      @@monoswaeedey3508 You’re certainly welcome for my asking, and I’m really glad to hear that! Btw, what is your dream profession?

    • @monoswaeedey3508
      @monoswaeedey3508 2 года назад +1

      @@PunmasterSTP Advocate

  • @GeniusOnHisWay
    @GeniusOnHisWay 6 лет назад +2

    Hey so what use is the y= f(k) formula in the end? What role does it play in growth? It just depicts the correlation between capital and worker output, no?

  • @Kaze_Lsk
    @Kaze_Lsk Год назад

    Thank you for saving me from a professor who not only can hardly speak English but is also only teaching to cut down on the price of his PhD

  • @myzone1084
    @myzone1084 4 года назад +1

    Very well explained .
    Thumbs up for this video. 👍

  • @bhawnabhatia6266
    @bhawnabhatia6266 4 года назад +1

    Made my life easier! Thanks much.

  • @rooneyortega7217
    @rooneyortega7217 Год назад

    Lifesaver even 7 years later!

  • @Simi-fwE
    @Simi-fwE Месяц назад

    Writing my final exam for economics in undergraduate and you just saved me.

    • @tedmink7568
      @tedmink7568 Месяц назад +1

      Same. Introductory Macroeconomics.

    • @Simi-fwE
      @Simi-fwE Месяц назад

      @tedmink7568 how was your exam, have you written?
      Mine was amazing lol, definitely pass.

    • @tedmink7568
      @tedmink7568 Месяц назад

      @Simi-fwE Mine's tomorrow. I'm glad your's went well. Our lecturers only love mathematical problems.

    • @Simi-fwE
      @Simi-fwE Месяц назад +1

      @tedmink7568 Hope it all goes well for you bro. The mathematical problems are a bit complicated but you got this💪

  • @nemathassnain8522
    @nemathassnain8522 4 года назад +1

    Hi Alex! Can you please do the . Ramsey-Cass-Koopmans Model

  • @wrjazziel
    @wrjazziel 4 года назад +2

    Thanks, man for making this video!

  • @FelixFrost
    @FelixFrost 4 года назад +1

    The only non-indian guy I found who I could actually comprehend

  • @fergusmacdonald3582
    @fergusmacdonald3582 4 года назад +1

    can you explain the difference between investment and net investment in the economy? isn't it just investment?

  • @ay78124
    @ay78124 5 лет назад +1

    amazing explanation !! what a nice man. gGod bless

  • @frankconte2457
    @frankconte2457 4 года назад +1

    Thank you for your effort. Good explanation!

  • @saliyayou
    @saliyayou 6 лет назад +1

    Well explained.Great

  • @kuengadendupwangmo9151
    @kuengadendupwangmo9151 6 лет назад +3

    This just saved my life lol 😅😅 I think I'll ace my papers now 😅

    • @PunmasterSTP
      @PunmasterSTP 2 года назад

      I know it's been awhile, but I was just curious. Did you in fact ace your papers?

  • @rubabrafique1300
    @rubabrafique1300 9 месяцев назад

    Great explanation

  • @myriadecurieuse
    @myriadecurieuse 7 лет назад +4

    Hi! Thank you very much for your work! Your explanations are very clear (especially for people who aren't native from english speaking countries)
    I have a few remaining question though : How would you explain the difference between Steady State and Stationary State in this model? And what is the Balanced Growth Path? My professor talked about it but I don't understand what it is.
    Thank you in advance!

    • @PunmasterSTP
      @PunmasterSTP 2 года назад

      Hey I know it's been a long long while, but I just came across your comment and was curious. How did the rest of your econ class go?

  • @bluechannel8700
    @bluechannel8700 6 лет назад

    Brilliant my brother

  • @aydensalazar953
    @aydensalazar953 2 года назад

    Awesome!

  • @tictoc5443
    @tictoc5443 5 лет назад +1

    the model assumes that savings are still a factor of investment

  • @Samtaztic99
    @Samtaztic99 5 лет назад +2

    One of my homework questions is 'Give the function of output per effective worker.' Is this just 'f(K/AN)' ?

    • @Mr9pc
      @Mr9pc 5 лет назад +1

      it's just f(y/N)

  • @Mia-sb1bb
    @Mia-sb1bb 6 месяцев назад

    really well explained thank you!

  • @cristinacoslet7962
    @cristinacoslet7962 6 лет назад +1

    You are amazing. Thank you so much!

  • @keolebogilemolefe6097
    @keolebogilemolefe6097 6 лет назад +1

    It's very helpful. Thank you

  • @ExcelTutorials1
    @ExcelTutorials1 2 года назад

    Very well explained, thank you!!

  • @abdinurali5671
    @abdinurali5671 9 месяцев назад

    Solow said technological progress is what causes economic growth not increasing in capital.

  • @nehalalsaeed9492
    @nehalalsaeed9492 2 года назад

    Its very good simple and clear but kindly wrote the explanation under the video thanks

  • @praveenrawat763
    @praveenrawat763 6 лет назад +1

    You've been such a great help Alex , Thanks
    If you could only do a video on - Social and Technological Dualism 😊🙋

    • @johnsonbag7538
      @johnsonbag7538 6 лет назад

      praveen rawat don't bother him . Just get out of home and roam around your city you will see live examples of Technological & Social Dualism in India .

    • @praveenrawat763
      @praveenrawat763 6 лет назад +1

      @@johnsonbag7538ya you seem to be his bitch ..why the fuck did you had to get into this .. I think you should get out of your house . You might notice how big a trash are you 😸🙋

  • @MrStephenmindo
    @MrStephenmindo Месяц назад

    Whats the difference between capital and technology. I feel like noone is explaining this well enough. Even Google search results for technology are synonymous with Capital.

  • @nicklasodgaard8919
    @nicklasodgaard8919 4 года назад

    Very good, thanks

  • @mansisharma1994
    @mansisharma1994 5 лет назад +1

    it was really helpful..thanks!💓

  • @janfischer861
    @janfischer861 5 лет назад +1

    You should read bedtime stories... enjoyed though

  • @kiashapillay274
    @kiashapillay274 6 лет назад

    Thank you so much.

  • @theallawesomeone14
    @theallawesomeone14 5 лет назад +1

    ah thanks man, this really helped :')

  • @binayaadhikari8852
    @binayaadhikari8852 5 лет назад

    Subscribed! Thank you!!

  • @racespace8067
    @racespace8067 3 года назад

    thanks for the help.

  • @BloggsFrederick
    @BloggsFrederick 3 года назад +1

    Two THOUsand not Two Founsand.

  • @NicholasWade-q6u
    @NicholasWade-q6u Год назад

    beast

  • @leannaratanavong3788
    @leannaratanavong3788 3 года назад

    Why does he inhale after saying 2006 at 1:11? 😭

  • @panxobarba5479
    @panxobarba5479 Год назад

    god bless you

  • @upomarahman6654
    @upomarahman6654 4 года назад

    ❤❤❤

  • @hahahat47
    @hahahat47 4 года назад

    thanks it helps

  • @lukeallan6486
    @lukeallan6486 8 лет назад

    brilliant video is this meant for uni level learning cos i dont understand it lol

  • @patrickdemenezes4204
    @patrickdemenezes4204 2 года назад

    omg thank you so much. I love u. I'm gay now.

  • @Sk1lled1ol
    @Sk1lled1ol 6 лет назад

    I love you

  • @ebookstupid2328
    @ebookstupid2328 7 лет назад

    haha too slow, sleepy .
    but thx anyway

  • @bossanar770
    @bossanar770 5 лет назад

    Speaking Irritating. Module was prefect.. Try to speak like a gentleman.