Tuesday, 15 May 2018

ECO 302 Assignment 1: The Solow Growth Model


Write a four to six (4-6) page paper that answers the following:
1.      Discuss the three (3) basic assumptions of the Solow Growth Model and analyze their compatibility with real-world economic conditions.
2.      Analyze the effects of an increase in population growth on the growth rate of capital per worker.
3.      Describe the effects of a decline in the labor participation ratio on the growth rate of capital per worker with the population growth rate held constant.
4.      Analyze the effects of a positive technology growth rate on the growth rate of capital per worker.

The format of the paper is to be as follows:
o   Typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format.
o   Use headers for each of the subjects being covered, followed by your response.
o   In addition to the four to six (4-6) pages required, a title page is to be included. The title page is to contain the title of the assignment, your name, the instructor’s name, the course title, and the date.

Note: You will be graded on the quality of your answers, the logic/organization of the report, your language skills, and your writing skills.

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