Section 8: Economic Growth
In this section, we cover several models of growth. We start with a simple model of exponential growth and then move on to models from economics, with a focus on Solow's basic growth model. I simplify the model by leaving out the labor component. These models help us distinguish between two types of growth: growth that occurs from capital accumulation and growth that occurs from innovation.
Growth Models
Vocabulary learning：
Craigslist: http://baike.baidu.com/view/703783.htm ；
Solow growth model 索洛增长模型
dubious 可疑的，半信半疑的
argument 证据，内容提要
pour money to capital
China follow a path similar to Japan
let out to 泄露
Zimbabwe 津巴布韦
incentive 刺激的，动机
siphoning 虹吸作用
imp 加强
destruction 破坏
digital music 电子音乐
tail up 兴致勃勃，情绪高涨
tail off 变少，缩小
2013-11-03 (80min) Coursera open course: Model Thinking by Scott E. Page Start from 10.07.2013, will end on 12.16.2013 Link: https://class.coursera.org/modelthinking-005/lecture/index;
Section 8: Economic Growth In this section, we cover several models of growth. We start with a simple model of exponential growth and then move on to models from economics, with a focus on Solow's basic growth model. I simplify the model by leaving out the labor component. These models help us distinguish between two types of growth: growth that occurs from capital accumulation and growth that occurs from innovation.
Growth Models
Vocabulary learning： Craigslist: http://baike.baidu.com/view/703783.htm ； Solow growth model 索洛增长模型 dubious 可疑的，半信半疑的 argument 证据，内容提要 pour money to capital China follow a path similar to Japan let out to 泄露 Zimbabwe 津巴布韦 incentive 刺激的，动机 siphoning 虹吸作用 imp 加强 destruction 破坏 digital music 电子音乐 tail up 兴致勃勃，情绪高涨 tail off 变少，缩小