Putting theories into practice-

At the end of this module students will be able to:
1.Describe life cycle consumption pattern. (1.a, 1.b, 2.a, 4.a, 4.b)
2.Define individuals lifetime budget constraint. (1.a, 1.b, 2.a, 4.a, 4.b)
3.Solve the two period permanent income hypothesis model. (1.a, 1.b, 2.a, 4.a, 4.b)
Read Online Lecture Material: Read the online lecture material on the following topics early in the week to help you respond to the discussion questions and to complete your assignment(s).
Permanent Income Hypothesis, a two period application
Watch and Read Online Online Instructional Material: Watch the online lecture video on the following topics.
1.Explain the life cycle consumption (permanent income hypothesis) model intuitively.