Goal Develop the Solow Growth Model How much of the economy's output should be consumed today and how much should be saved for the future? Static analysis(Ch. 3)> Dynamic
Solow growth model 1. Production function(total; per capita) 2. Savings investment schedule 3. Depreciation 4. Steady state 5. Golden rule 6. Path from one steady state to the Golden Rule steady state
New Words deadeye: In informal English, dead may mean \precise(ly)\ or accurate(ly)\. Bill was dead shot with rifle. The model plane landed dead in the middle of the square
Extensional Fault Systems A- Evolutionary model illustrating progressive extension accommodated by block rotation above a low-angle extensional fault. B-Listric fault with hangingwall rollover anticline. Area and B are equal. C-Flat/ramp geometry of fault produces geometrically necessary folding in hangingwall
Topics Covered Stocks and the Stock Market Book Values. Liquidation Values and Market values Valuing Common Stocks Simplifying the Dividend Discount Model Growth Stocks and Income Stocks Irwvin McGraw-Hill