Consumption Based Model: Dynamics and Comparative Statics

In course

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Description

This lecture delves into the dynamics of the consumption based model, covering qualitative analysis, log-linearization, autarky, intertemporal trade, and comparative statics. The slides explore the impact of substitution and income effects, elasticity of intertemporal substitution, stability properties, and solving for transitional dynamics.

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_f6q2bj10

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Ontological neighbourhood

Economics

Microeconomics: Utility, Supply and demand

Mathematics

Algebra: Linear algebra

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