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Future period - PowerPoint PPT Presentation

Chapter 8

Chapter 8. A Two-Period Model: The Consumption-Savings Decision and Ricardian Equivalence. In this chapter we will introduce the intertemporal choice . More specifically, consumption-saving decision over time. Solow model has done it in an arbitrary way.

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988 views • 71 slides

Chapter 16: Consumption

Chapter 16: Consumption. John M. Keynes: Absolute Income Hypothesis. Consumption is a linear function of disposable personal income, C = C + cY C = consumption expenditure Y = disposable income C = autonomous consumption (intercept of the line)

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399 views • 22 slides

The Great Secret of Godliness

The Great Secret of Godliness. This is My Name For Ever. Glory goes to God. GOD. The Word His Name His Titles His Son The Cherubim The Angels Symbology His Servants. Names in scripture.

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352 views • 22 slides

Extensive-form games: applications

Extensive-form games: applications. Stackelberg model Spence-Dixit model Rubinstein bargaining model. Stackelberg model. Consider a Stackelberg duopoly game with asymmetric technologies. There are two inputs K (capital) and L (labor). Firms have the same Leontief production functions:

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320 views • 15 slides

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Future period - PowerPoint PPT Presentation

Chapter 8

Chapter 16: Consumption

The Great Secret of Godliness

Extensive-form games: applications