Undergraduate Economist – Perspectives of an economics student
Description: Learn Better
I’ve written many blogposts about the Solow Model in the past, and it remains one of my favorite workhorse models to teach at an introductory level. There are problems with the model, to be sure, and much better, updated versions are available. But if you want a very simple, but very powerful way of looking at the world, you could do a lot worse than the Solow Model.
Read my old posts about the Solow Model, if you like, or watch this video , or consider this description of the Solow Model that ChatGPT4 came up with:
The Solow Model is the lively symphony of an economy, showcasing how savings, population growth, technology, and the tune of institutions together shape its rhythm, while the constant drumbeat of depreciation subtly dictates the tempo of this economic dance.
Undergraduate Economist – Perspectives of an economics student