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.
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Lecture Notes
pdf
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slides02.pdf
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Lecture Notes