Exogenous growth model

Growing up in Hong Kong, the city of money, all my friends applied for commerce or business degrees hoping to make a fortune so did I. With the eager to get better education and supports from my family, I decided to travel 16-hours flight to start my undergraduate here at the University of Toronto. During my first year in the commerce program, I started questioning myself what I wanted to be after graduation. With the will of learning and exploring, I enrolled in a variety of courses to see what can be my potential future career. Recalling the first economics class in my undergraduate, Professor L. Bailey started it with demand and supply model and that course has made me fell in love with Economics. Since that class, I started following current news by reading Project Syndicate and the Economists magazine which I never thought I would enjoy so much. I discovered my huge interest in macroeconomics through these articles, which also inspired me to switch to the Economics Specialist program and hoping to pursue a career in the field of Economics in the future. From the academic side, I specialize in Economics and minor in Statistics in my undergraduate. Thus, I have taken the advanced level Microeconomics, Macroeconomics and Econometrics courses, which make me well prepared for the graduate courses. This combination of programs also gave me the opportunity to encounter coding. After…

Since Thomas Robert Malthus first forwarded his theory of population in 1798, it has been an influential and widely-debated economic topic. To fully understand the relevance and cogency of Malthus’ population theory, here we analyze the strength of Malthus’ key justifications and conclusions from both historical and modern perspectives. Malthus was the first to present a formal socioeconomic analysis of the population growth potential in terms of the availability of resources. Concisely,…

various economies with their different growth margins. These economies have been classified based on level of development, growth stages and emergence. These classifications are inspired by GROWTH THEORIES/MODELS. Growth theories are speculations used overtime to classify economies or determine development in an economy. Under Growth theories we have:  Endogenous Theory/ New Growth Theory  Exogenous Theory/Solow Growth Theory The above theories are used in illuminating the source of long-term…

ENDOGENOUS GROWTH MODEL INTRODUCTION In economics the pending question as always been “How do we boast GDP and GDP growth rate”, “How can we grow faster” it is discovered that in solow growth model GDP and GDP growth rate are determined by savings rate, population growth rate, and rate of technological progress. Economies that are advanced in technology, the advancement of knowledge is a very key determinant of growth, however, economies that are less developed, theoretical and empirical…

ultimate economic liberalization Over the past two decades, economic liberalisation by global productivities has been increasingly expanding and persisting the advancements of western economic growth (Stehr & Strasser, 2004, p. 4). Many people from developed countries have prospered from ‘globalism’ (Robertson, 2003, p. 4) as a result of cross-border trade and investments. However for developing countries, that are not sizeable enough to be competitive or successful on world markets, due to a…

As a person grows up, it is really helpful to have a paragon to look up to. Countless adults today accomplished huge success in their lives with the help of others. Those who have assisted the successors can be classified as mentors, models, ideal individuals, etc. These individuals labeled as “perfect examples” are major help in order to keep a consecutive attitude in not giving up for future success. These perfect examples are classified as role models for their past experiences, impacts, and…

Role models are people who make you remember to never give up or to always be kind to others. Everyone looks up to at least one person and tries to be just like them. For some people it's someone close to them like their parents or grandparents, and for other people it's a celebrity or athlete. In Snow In August by Pete Hamill, Michael has infact three very special people in his life that he looks up to. These are his role models. His role models are Rabbi Hirsch, his mom Kate, and Jackie…

Do people have a role model in their lives that they look up to? If so, what are some of their characteristics that they like? Why do people look up to their role models? MAny people have one person in their lives that they want to be just like. Although, many people kids or young people nowadays role models are celebrities, Heather Spruill is someone many people should want to be just like, for the reasons that she is outgoing, has an amazingly kind heart, and she has a upbeat and fun…

Role models can be viewed in many different aspects, its just dependent upon the individual. A role model can be literally anyone or anything. Some people may look at their favorite sports athlete or the president of the United States as an example. Other individuals may even say people like a deranged serial killer like Charles Manson or evil fictional characters like The Joker or The Green Goblin are their models of aspiration. Like these people, I also have two entities that I look up to…

Ellen DeGeneres is a outstanding role model for the society. Ellen is the host of her television show “The Ellen DeGeneres show”, she is also a comedian, actress, and a LGBT activist. She has starred in many movies considering she is a actress, for example the movies “Finding Dory” and “Finding Nemo.” Ellen is a influential advocate of showing people that it's ok to be different through her actions including,being unique through her actions, supporting charities, and being a LGBT activist.…