Slides:

• Recitation 1 (Jan 22nd): Linearization Method
• Recitation 2 (Jan 29th: cancelled due to the weather condition): Theoretical backgrounds of stochastic dynamic programming (Principles of Optimality / Inheriting Properties)
• Recitation 3 (Feb 5th): Application of stochastic dynamic programming (McCall's model in terminal unemployment benefits)
• Recitation 4 (Feb 12th): Huggett (1993)
• Recitation 5 (Feb 26th): Midterm Review (Q1)
• Recitation 6 (March 5th): Midterm Review (Q3) & Recursive competitive equilibrium (please refer to the lecture note)

Exam Schedule:

• Midterm: Feb 19th (Tuesday) 4:00 pm ~ 6:00 pm (Carlson 2-219, the recitation room)
• Final: Mar 11th (Monday) 3:00 pm ~ 5:00 pm (Hanson 1-103)

Previous Year Exams:

• Midterm
• Final

Resources:

• Aiyagari (1993): Working paper version of Aiyagari (1994)
• Huggett (1993)
• Chari & Kehoe (1990)