ECO 6363 - Consumption and Investment: Microfoundations and Aggregate Dynamics

3 Semester Credit Hours

Prerequisites: C- or higher in ECO 5321 and ECO 5331; 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.