Lecture Notes – 9/15/2009

Here are lecture notes on GDP, returns to scale, production, and growth theories. NOTE: there is audio associated with these files. Click on the green text to jump to specific parts of the lecture. I missed the first 5 minutes of the lecture, but the remaining hour is still available. You can also download these […]

Comments on Homework #1

Ahead of the upcoming test, I have some comments on Homework #1. Question 1: everyone did well, it’s straight forward. Question 2: also no comment. Question 3: some people were 100% correct, but don’t forget to include the value of intrinsic costs. Many people correctly mentioned time with family/children/spouse as an opportunity cost, but didn’t […]