Course description of Economic Geography C.4.417, Monday 9.50–11.20 Altogether 13 lessons 1 week cancelled: 28th March Easter Monday Assessment: Written in-class test 100% Multiple choice test questions about the material of the lectures (70%) Topographical exercise on an outlined map based ...
Steady-state Equilibrium: Per-capita Income or y* = Y/N is determined where s f(k*) = ( +n)k*. 3. Implications of the model The economy converges, over time, to its steady state. –If the economy starts BELOW the steady state, it accumulates capital until it reaches the stea...
UN’sHumanDevelopmentIndex(HDI)givesequalweighttolifeexpectancy,educationandGDPpercapita(http://hdr.undp/reports/global/2004/) Ultimateinterest‘well-being’or‘happiness’.Layard,R.(2003)."Happiness:HasSocialScienceaClue?"http://cep.lse.ac.uk/events/lectures/layard/RL030303.pdf. ...
Allclasslecturematerial • Lecturenotesoncoursewebsite – AllreadingsupthroughWeek5 – CommandingHeightsvideo,Episodes1&3 • Availableviacoursewebpage… – ExamFormat: • Closedbook/closednotes • Mixofshortanswer/multiplechoice,mediumlength,and ...
The Model: Production technology This production technology set is non-convex and exhibits locally increasing return in the neighborhood of s.t. is the asset threshold beyond which a household will optimally switch to the high-return production ...
This large gap between demand and production is a barrier to the country's economic development. The government of Bangladesh has taken a few initiatives to mitigate the country's dependency on petroleum products and adopt sustainable power sources. Several private and public organizations are working...
Though hard to implement politically, especially a long-term strategy with a gradual increase of taxation or restriction levels (e.g., as previously experienced with other products such as textiles) the market would be perfectly suited for an increase in technology development and use it to ...