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MACROECONOMICS IN THE LONG RUN: GROWTH AND PUBLIC POLICY

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Presentation on theme: "MACROECONOMICS IN THE LONG RUN: GROWTH AND PUBLIC POLICY"— Presentation transcript:

1 MACROECONOMICS IN THE LONG RUN: GROWTH AND PUBLIC POLICY
PART FOUR MACROECONOMICS IN THE LONG RUN: GROWTH AND PUBLIC POLICY

2 The Theory of Economic Growth
Chapter 10 The Theory of Economic Growth

3 International Perspective The Growth Experience of Seven Countries over the Last Century

4 Figure 10-1 A Production Function Relating per Person Output to per Person Capital Input
Copyright © 2003 by Pearson Education, Inc.

5 Figure 10-2 Output, Saving, and Steady-State Investment per Person
Copyright © 2003 by Pearson Education, Inc.

6 Figure 10-3 Equilibrium of Saving and Investment in the Solow Growth Model

7 Figure 10-4 The Effect of a Higher Saving Rate on Capital and Income per Person
Copyright © 2003 by Pearson Education, Inc.

8 Figure 10-5 A Production Function Relating per Person Output to per Person Capital Input
Copyright © 2003 by Pearson Education, Inc.


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