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Lectures in Macroeconomics- Charles W. Upton The Malthusian Model Overview.

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Presentation on theme: "Lectures in Macroeconomics- Charles W. Upton The Malthusian Model Overview."— Presentation transcript:

1 Lectures in Macroeconomics- Charles W. Upton The Malthusian Model Overview

2 The Malthusian Model-Overview The Malthusian Model Applying the Malthusian Model Evaluating the Malthusian Model The Role of Models Normative and Positive Economics A Simple Macroeconomic Model and (alas) two Important Methodological Points

3 The Malthusian Model-Overview The Malthusian Model Applying the Malthusian Model Evaluating the Malthusian Model The Role of Models Normative and Positive Economics

4 The Malthusian Model-Overview The Malthusian Model Applying the Malthusian Model Evaluating the Malthusian Model The Role of Models Normative and Positive Economics

5 The Malthusian Model-Overview The Malthusian Model Applying the Malthusian Model Evaluating the Malthusian Model The Role of Models Normative and Positive Economics

6 The Malthusian Model-Overview On the Malthusian Model

7 The Malthusian Model-Overview Paul Samuelson From one point of view my studying economics was the result of accidental blind chance. Prior to graduating from high school I was born again at 8:00 a.m., January 2, 1932, when I first walked into the University of Chicago lecture hall.

8 The Malthusian Model-Overview Paul Samuelson That day's lecture was on Malthus's theory that human populations would reproduce like rabbits until their density per acre of land reduced their wage to a bare subsistence level where an increased death rate came to equal the birth rate.

9 The Malthusian Model-Overview Paul Samuelson So easy was it to understand all this simple differential equation stuff that I suspected (wrongly suspected) I was missing out on some mysterious complexity.

10 The Malthusian Model-Overview The Malthusian Model Applying the Malthusian Model Evaluating the Malthusian Model The Role of Models Normative and Positive Economics

11 The Malthusian Model-Overview The Malthusian Model Applying the Malthusian Model Evaluating the Malthusian Model The Role of Models Normative and Positive Economics

12 The Malthusian Model-Overview End ©2004 Charles W. Upton. All rights reserved


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