Theory of Income I (2022)
TA for Professor Nancy L. Stokey, University of Chicago, Graduate, 2022
Course Description
Substantively, the course will cover consumption/savings decisions, human capital accumulation, investment decisions, the neoclassical growth model and variations with elastic labor supply and taxes, growth with exogenous technical change, endogenous growth with constant returns to scale, commodity price fluctuations, asset pricing, frictional unemployment, and consumption/saving decisions with uninsured idiosyncratic risk. Technically, the course will introduce and apply optimal control, dynamic programming, formulating Bellman equations, computing value and policy functions, Markov processes, stationary distributions, recursive competitive equilibria, complete and incomplete markets models, and heterogeneous agent models.
TA Materials
I was responsible for preparing weekly problem sets and TA sessions.
TA Session 2: Welfare Theorems