The format of the assessment process on modules may change from semester to semester. This may not be the current format for your module. Always check with the relevant module leader what the precise, current format is before you begin to prepare for the assessment on any given module.
All questions carry equal marks.
Suppose that the savings rate, s, is constant, the rate of depreciation is equal to zero and the labour force is constant. Show your results graphically. Discuss the concept of dynamic efficiency within the Solow and Ramsey models. Focus your discussion on the economy's saving rate. Think about the market structure that underlies the Romer model of endogenous technological change.