Solow Growth Model | Part 5 | Population Growth | Intermediate Macroeconomics

In this video, I discuss the Solow Growth Model with population growth. Specifically, I cover the steady state in per capita variables and the balanced growth path in aggregate variables. The Solow growth model with population growth provides several improvements over the baseline model. In particular, this version of the model actually produces growth in the long run.

Chapters:
0:00 - Introduction
0:46 - Updated Model Equations
4:23 - Per Capita Equations
6:37 - Per Capita Capital Accumulation
11:06 - Finding the Steady State
14:44 - A Balanced Growth Path


For prerequisites to this video, I recommend watching parts 1 and 2 of my Solow Growth Model series.

Part 1: Introduction and Solution
   • Solow Growth Model | Part 1 | Model I...  

Part 2: Finding the Steady State
   • Solow Growth Model | Part 2 | Steady ...