ECONOMIC GROWTH
Spring 2013

Errata to the exercise problems
(continually updated)

Appendix, p. 69, after last line, add:    Special case: b(t) = 0. Solution:

If a(t) = a, a constant, then x(t) = x0 * exp(-at).
 

Problem I.3f):    delete "assuming they have the same capital depreciation rate".

Problem I.5f):    "In the same or a new" should read "In a new".

    And "psi(k_tilde)/s and ak_tilde/s in the (k_tilde, y_tilde) plane." should read "s*psi(k_tilde) and s*ak_tilde in the (k_tilde, s*y_tilde) plane."

Problem I.9c), line 2:    "the Solow model with competitive markets" should read "the standard Solow model with competitive markets and a steady state".

Problem III.6a), last line in Hint 2: "Appendix A" should read "Appendix".   

Problem III.7, first line: "solved Problem III.1" should read "solved Problem III.6".

Problem III.7d), line 4: "of Problem III.1" should read "of Problem III.6".

Back to exercise class.