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Course parts

Part 1

Aggregate Production Functions

Substitution between capital and labor, Cobb--Douglas and CES production, factor shares, technological change, output scale, and heterogeneous labor.

4 sections Part 2

Task-Based Theories of Production

Occupations as task bundles, comparative advantage, endogenous task assignment, applications to skills and capital, automation, new tasks, and equilibrium wages.

3 sections