The interesting teaching use case for AI is using agents to build custom learning experiences: simulations, live-data activities, and tools where students learn by doing.
Course-specific web app for his Econ 2 class
Students upload real Redfin housing data and decide whether a state market looks healthy
After doing their own analysis, students run the same task through AI and compare the reasoning
Course-specific web app for his Econ 177 auction class
Students bid in a live auction and generate real class data in the room
The app compares their actual bidding behavior to the model in real time
The fundamental equation of motion: Δk = sf(k) − (δ + n)k
Phase diagram — capital per worker
s — Savings rate
Share of output saved and invested each period.
d — Depreciation
Fraction of capital that wears out each period.
n — Population growth
New workers dilute capital across a larger workforce.
a — Capital share
Elasticity of output with respect to capital.
k* steady state
5.15
y* output
1.72
c* consumption
1.20
golden rule s
33%
Saving too little. With s below α, the economy under-invests. Higher savings lowers consumption today but raises long-run output and consumption.
hovered k
—
investment
—
break-even
—
net Δk
—
Capital, output, and consumption over time