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  • Principles of Macroeconomics Lecture 3 Long - Run Economic Growth

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    Teh Kim Sin
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    This document is a lecture on long-run economic growth, specifically discussing the production function. It introduces the basic concepts of the production function, noting that output is derived from combining labor, capital, and total factor productivity. It also lists several characteristics of the production function.

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    Lecture Slides Lecture 3 Part 3

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    This document is a lecture on long-run economic growth, specifically discussing the production function. It introduces the basic concepts of the production function, noting that output is derived from combining labor, capital, and total factor productivity. It also lists several characteristics of the production function.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    6 views10 pages

    Principles of Macroeconomics Lecture 3 Long - Run Economic Growth

    Uploaded by

    Teh Kim Sin
    This document is a lecture on long-run economic growth, specifically discussing the production function. It introduces the basic concepts of the production function, noting that output is derived from combining labor, capital, and total factor productivity. It also lists several characteristics of the production function.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 10

    Principles

    of Macroeconomics
    Lecture 3
    Long-Run Economic Growth
    part 3



    Professor Nilss Olekalns
    1

    The ProducBon FuncBon


    Basic Concepts

    The ProducBon FuncBon


    Characteris0c #1

    The ProducBon FuncBon


    Characteris0c #2

    The ProducBon FuncBon


    Characteris0c #3

    The ProducBon FuncBon


    Basic Concepts
    Output is derived from combining labour, capital and total factor productivity

    10

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