Population Dynamics: Lifetime vs. Death Rate Approach

This lecture discusses the comparison between the lifetime and death rate approaches in estimating output flows in population dynamics. It covers the principles of stock dynamics, cohort composition, and the calculation of aggregated outflows. The lecture also explores the implications of changing death rates, mean lifetimes, and lifetime standard deviations on stock profiles. Practical exercises involve reasoning based on class concepts and testing hypotheses using Jupyter Notebook code.