Рет қаралды 293
Overview:
• Review of last time
• Motivation for Ramsey’s idea: A Bridge from OLG
• Writing down the Ramsey problem
• The Maximum Principle and formulation of the Hamiltonian (function)
• Necessary conditions for optimum
• Phase diagram and saddle stability: A diagrammatic approach to dynamics
by Prof. Burda
more helpful content:
www.youtube.com/@macronotes3647/videos
#macroeconomics #analysis #ramsey #model #hamiltonian #function