https://gdpark.blog/tags/capital/Recent content in Capital on gdpark.blogHugoenMon, 18 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/macroeconomics-10-stylized-facts-of-economic-growth/Thu, 14 Jan 2016 00:00:00 +0000https://gdpark.blog/posts/macroeconomics-10-stylized-facts-of-economic-growth/We’re finally zooming out to the long run — why do some countries keep winning? Enter Solow’s aggregate production function Y = F(K, N), and the real fun begins.https://gdpark.blog/posts/macroeconomics-11-the-relationship-between-savings-rate-and-output/Fri, 15 Jan 2016 00:00:00 +0000https://gdpark.blog/posts/macroeconomics-11-the-relationship-between-savings-rate-and-output/We dig into how the savings rate connects to capital per person — and why that matters for output, with a quick detour through flow vs. stock.https://gdpark.blog/posts/macroeconomics-12-the-cobb-douglas-production-function/Fri, 15 Jan 2016 00:00:00 +0000https://gdpark.blog/posts/macroeconomics-12-the-cobb-douglas-production-function/We finally pin down that vague f(K/N) with the Cobb-Douglas production function and crank through the math to get a concrete steady-state output formula.https://gdpark.blog/posts/microeconomics-24-isoquants/Sun, 17 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-24-isoquants/We bring K back into the picture, plot the whole Q = f(L, K) surface in 3D, then slice it to see what isoquants actually are — infinite (L, K) combos that spit out the same output.https://gdpark.blog/posts/microeconomics-25-isoquants-the-uneconomic-region-of-production/Mon, 18 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-25-isoquants-the-uneconomic-region-of-production/That weird backward-bending chunk of the isoquant has a name — it’s the uneconomic region, and here’s exactly why it exists and why no sane firm would ever go there.