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- class note To understand the Solow-Swan model, we have to keep two main assumptions in mind. One is that the saving rate in Solow-Swan model is constant, which means people in this kind of economy do not make any utility maximization choices. The other one is that technology in this model is exogenous. This term "exogenous" indicates that technology can not be explained by variables in our model so that people in this model don't need to decide how to allocate resources to improve technology. Therefore, under the assumptions, of course including neoclassical production function, where the Inada conditions are contained, competitive market assumption and others, we can derive a fundamental equation about the dynamic progress of the growth rate of capital per capita. From the equation, we can analyze the progress of economic growth and the equilibrium situations. As the production function is a neoclassical function and the saving rate is constant, the growth rate of Solow economy will eventually go to zero in the long run, which suggests that in long-term period, economy will stop growing and stay at a steady state. If all other matters are the same cross countries, every economy in the world will finally be at the same level. There won't be rich countries and poor countries.October 31, 201310
- What is the most important thing that economics taught me? I just read some news and discussions about free medical system in China. A few people argue that once the free system is estimated, the government only need to spend around 800 billion yuan a year to keep it works. However, I think this argument is really ridiculous. Not only the money spent here can only help people to get very basic medical treatment(since you have to pay over 500 yuan for a simple cold treatment recently), but also this reform must put the horrible and complicated system into a much more worse situation. Because as we know the medical resources today are very scarce, hospitals don't have enough beds and nurses for patients and doctors work almost 10 hours a day and 6 even 7 days a week. That means if the free system is really estimated, there will be too much patients for hospitals to take care of(the cost for you is 0 so you may want to go to hospital now even if you did not think necesserarily to see a doctor before, assuming that you get a same illness). Maybe someone will say, the government has much money so they can spend more on medical. Yes that's true. However, that also suggests governments need to put resource from other places into medical, maybe education, infrastructure or something else. And more essentially the problem is still that there are always more patients than we can take care for free, given the huge population in China and the comparatively scare medical resources. Actually, the medical debate is not only one example that many people can not see the difficulty we face everyday. They keep saying more is better, more is better. maybe they think if there is "more" enough, the world would not have any problems!but that is just some pie in the sky. Economics tells me that source is scare and, very importantly, we have to make choices. We have to decide what we need and what we have to give up.October 19, 201300
- The basis of basic economic growth theories Economic growth theories try to answer a very important and also interesting question: why different countries have different economic growth rates, or, why are there rich countries and poor countries. Lucas, a Nobel on economics winner, once said, when people began to think about this fascinated question, they wouldn't have time to think about anything else. There are basically two ways to explain this phenomena: the earlier one is called exogenous growth theory and the modern one is called endogenous growth theory. The difference between them is that whether technology is in the model or not. The exogenous theory takes technology as a given factor which means economic players can not change it, so the conclusion is that when time goes by, countries will eventually have the same growth rate. That is called convergence. However, the endogenous theory makes technology as a variable in models so that people can change it with capital or human resource. So from endogenous theories we can derive that if a country invest more resources in R&D sector, they will have a better economic performance.October 13, 201320
- Microeconomics I am currently studying advanced microeconomics at graduate school. The theories in the discipline describes human behaviors at market by using mathematical tools. The fundamental assumptions are that people are rational and resources are scarce. So we always face a choice problem, which is that how to use the finite resource to get max profits.October 12, 201300
sentence correction!
1. Whether you like it or not, you will have to sit the test tomorrow anyway
无论你喜欢还是不喜欢, 你反正就要不得不参加明天的考试。
2. Everyone can find a sport that suits their own interests
每个人都可以找到适合自己的运动。
3. Last year when Mary had just come here, she dared not go anywhere
去年当玛丽刚刚来到这里,她不敢去任何地方。
4. I have hesitated many times in the last five years. Nevertheless in the end I decided on studying chinese
在过去的五年中,我犹豫了很多次。还在但最后我还是决定学习汉语。
5. Jack is quite satisfied with his current job, except that he thinks the payment is not so good
杰克对他现在的工作很满意,但是他认为支付薪水也那么不是那么好。0 votedOctober 10, 20130- GRE exam I am preparing for my GRE exam now. The exam is designed for people who want to apply for a postgraduate degree, which contains three sections, quantitative reasoning part, verbal reasoning part and analytical writing. Although I just began to read the official guide book last week, I found that the mathe part is really easy for me. There are a few questions about algebra, arithmetic, geometry and data analysis in the part, which, however, are just that I learned in middle and high schools. So I can easily solve those problems. The real challenge for me, a medium level English learner, is the verbal part. There are so many words I don't know and some questions that I even can't understand! I know I have to remember lots of unusual, complicated words that maybe only used in this exam, but the process is really killing me. I found there are so many different words which have the same meaning and so many words that every one contains different meanings. Maybe today I remember 300 new words, however, when tomorrow comes, at least 60% of which will be totally new for me, again! I really want to know if this part is hard or easy for English native speakers and how does other nonnative speakers go through this remembering and forgetting hell. At last, I know there may be no easy way in the vocabulary problem, so if I want to success in the exam, I should better spend much more time on remembering words.October 7, 201300
- It's really difficult to translate a Chinese poem into another language. I can just give you some images of these sentences. 一元复始,万象更新。A new year begins, and everything renews.象 means something and 元 means time. 书山有路勤为径,学海无涯苦作舟。 It is a very famous poem from Han Yu. It means that only diligence can help you in study. 松竹梅岁寒三友。松 is pine tree, 竹 is bamboo and 梅 is plum. They are important Imageries in Chinese culture. Because they can live through winter so Chinese people take them as some kind of strong spirit. 岁寒 means winter and 三友 means three friends. 岁寒三友 is a fixed phrase, just means 松竹梅 or the spirit. 桃李杏春风一家 is similar with 松竹梅岁寒三友. 桃 is peach, 李 is prunus, 杏 is apricot. They all bloom in spring so 春风一家 says they are a family(一家) in spring(春风), which is also a fixed phrase means spring is coming. 八百里湖山,知是何人图画 十万家灯火,尽归此外亭台 I'm so sorry that this one is too difficult to me to translate it into Chinses.0 votedOctober 6, 20130
面试的自我介绍
各位好,我名字叫 Nathan Hubbard-Miles。我今年从伦敦的亚非学院毕业了,获得了一等荣誉学位,学的是中文和韩文。
在大学的时候我很幸运的有机会去中国和韩国。我在北京曾住过一年,在北京师范大学学习中文,还在一所英语学校工作过。在中国时我也去过上海、广州和香港,但北京仍是我最喜欢的城市,这就是因为北京是中国最有文化,最有历史的城市。还有,对我来说北京也有中国最好吃的羊肉串。
除了学外语,旅游以外,我也很喜欢音乐。我弹钢琴和吉他,是无师自通的。还有,我每个星期跟一个本地篮球队打篮球。我知道在中国篮球很有名,所以希望能在中国继续打。
我理想的工作就是一份让我可以旅游并且每天用中文的工作。
“各位好”对吗?
应该用”本人”代替”我”?
我是今年从伦敦的亚非学院毕业的?0 votedOctober 6, 20130
