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102 Econ TA section (Week 6) YiLi Chien UCLA May 13, 2005 1 1.1 Solow Growth Model Overlapping Generations Consumer live two periods At each period there is an old and young consumer Young consumer works and decides consumption and savings Today saving become tomorrow capital s s Old consumer does not work, but supplies capital 1.2 1.2.1 Consumer Optimization Problem A consumer born at t maximizes lifetime...
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102 Econ TA section (Week 6)
YiLi Chien UCLA May 13, 2005
1
1.1
Solow Growth Model
Overlapping Generations
Consumer liv...
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