ECO 6353 - Consumption and Investment: Microfoundations and Aggregate Dynamics
3 Semester Credit Hours Prerequisites: C- or higher in ECO 5311 and ECO 5314; instructor consent. Life-cycle analysis through Value Function Iteration and the Method of Endogenous Gridpoints. The permanent income hypothesis, precautionary and rainy-day savings, time-to-build investment, and lumpy investment.
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