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Textbook Notes for Fiag

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UTMECO209Y5FiagWinter

chapter 5

OC269911 Page
8 Jan 2012
47
5: optimal model as if an invisible hand were guiding the actions of individuals toward a state of affairs beneficial for all. The model we have constr
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UTMECO209Y5FiagWinter

chapter 9 notes

OC49651 Page
25 May 2011
33
Current budget constraint: c + sp = w (h-l) + pie t. Future budget constraint: c" = w"(h l") + pie t" + (1+r) sp. Lifetime budget constraint: c + c"/1+
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