A Beginner's Guide to the Solow Model

Publication: Journal of Economic Education

Volume: Volume 38, No. 2

Issue: Spring 2007

Pages: 187-193

Author(s): Sheldon H. Stein

Address:

Sheldon H. Stein

Associate Professor

Department of Economics

Cleveland State University

Cleveland, OH 44115
 

Phone:(216) 687-4537

Fax: (216) 687-9206

Internet Address: s.stein@csuohio.edu

Title: A Beginner's Guide to the Solow Model

Abstract: The Solow model is regarded as difficult to teach to undergraduates, especially in the principles of macroeconomics course.  The author demonstrates that under the assumption that the level of savings is autonomous, the essence of the stock-flow adjustment of the Solow model becomes much easier to comprehend.