Exercise problem sets

ECONOMIC GROWTH
Spring 2011
 

Problem Set I     Problem Set II     Problem Set III*)    Problem Set IV**)    Problem Set V    Problem Set VI    Problem Set VII    Problem Set VIII

Correction to Problem Set I:
    p. 3, e), line 2 should read: "stock, the same number of workers, and the same number of man-hours per worker per year. ...."
    p. 3, e), line 2-3: it is better to name the two countries a and b, since the letter A has already been used to indicate the technology level.
    p. 3, e), line 3-4: "Adapt the formula (*) so that..." should be interpreted as "Elaborate the formula (*) so that...". New.
    p. 5, b), line 1: "y/L" should read "y/T".

Further corrections to Problem Set I:
    p. 4, I.5, above eq. (2): "It is assumed that" should read "It is assumed that there is full employment and that".
    p. 6, e): "results in j) and k)" should read "results in c) and d)".

Correction to Problem Set II:
    p. 1, line 5: "does the Solow model predict" should be "does the Solow model with perfect competition predict". New!
    p. 2, line 12: delete "Gross saving is a constant proportion of gross income."

Correction to Problem Set IV:
    p. 3: to obtain consistency with the notation in Acemoglu, p. 361-362, and in Lecture Note 6, replace s by S.

(Corrections/help to Problem VI.1, April 13, 2010). Updated corrections and help for Problem VI.1 (replaces the corrections as of April 13, 2011).

Clarification/correction to Homework 2:
    Problem 1f): The hint should read: If you have shown that the real interest rate is a constant and that the aggregate production function is AK-style, then it is enough ...
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*) This is a corrected and complete version (3/3 2011 at 19:10). 
**) This is the corrected version  (24/3 2011 at 18:25).