It is helpful, thank you. There would be interesting demographics to see where high price and low demand represent certain demographic chocies vs low price and high demand. I have something interesting to think about for later, since I watched this.. Have a nice day.
Your videos on supply and demand and equilibrium shifts have helped me tremendously. Thank you for your attention to detail and your well discussed examples. You’ve covered all of my questions and did a great job! Thanks so much, I appreciate your hard work in making these videos.
how does an increase in technology effect economic growth. Graphically the breakeven investment curve shifts up meaning the steady state moves left, resulting in lower capital per worker which would mean lower y*, but surely more tech progress would lead to higher y*
Gearing up for a macro final in the next few days and your videos have been so incredibly helpful. Thank you for putting this out there! Very appreciative!
Hello economicurtis, when g decreases permanently, how will the transition in the steady state values of k* and y* be affected? will they adjust instantly? hope you can help
Hi, I absolutely love your videos. They're very clear and help with getting a better understanding of the subject matter! I do have a question though. In an exercise I have to make they state "The total remuneration for labour is equal to 80% of total production." and the production function is y = k^(alpha). Does this mean that the alpha is equal to 20% as we saw earlier that it's equal to the share of income dedicated to capital and 1 minus alpha is equal to the share of income dedicated to labor? Thanks!
