14.452 | Spring 2007 | Graduate

Macroeconomic Theory II

Lecture Notes

slides02.pdf

Description:

This resource contains lecture slides on consumption/saving and productivity shocks, the optimization problem, deriving the first order conditions, interpreting the two first order conditions, the effects of shocks, using the FOCs and intuition, solving the model, continuous time, ignoring uncertainty, linearization or log linearization, stochastic dynamic programming, and the decentralized economy.

Resource Type:
Lecture Notes

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Spring 2007
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Problem Sets
Lecture Notes