The Solow Model Videos

[alex_tabarrok]

Originally posted on November 9, 2012.

At Marginal Revolution University, our online education platform, Tyler and I have created a course on Development Economics. It’s a complete course and it is open to the world for free. A number of the videos from that course are also useful for teaching micro or macro principles.

We have four videos on the Solow model, for example. The first video introduces the model exactly as it is taught in Modern Principles. In the second video we demonstrate some of the comparative statics of that model. The first half of the second video uses only the model from MP, in the second half we introduce population growth which requires just a slight change in notation and interpretation.

In the third video we look at the model and data and the fourth looks at productivity. For teaching the model in Modern Principles the first two videos and the beginning (up to 2:46) of the third video will be very useful. For more advanced students, of course, all of the videos may be appropriate. Feel free to use these videos in any way that you find useful, e.g. you could assign them for homework or use the videos as a tutorial.

Here are the first two videos. You can find the third and fourth Solow model videos at MRUniversity in the Development Economic Course under the section Economic Growth 2.