Choice Under Uncertainty

Be sure to check out Professor Dunz’s notes on Uncertainty posted on Blackboard!! Choice Under Uncertainty  <– Click the link above to access a Powerpoint on the Choice Under Uncertainty Theory The following link include notes on Uncertainty Provided by the University of New York Uncertainty  (Page 106) Expected Utility Model:

Life-Cycle Model

Two-Period Consumption Model <– Click the Link above to access a Powerpoint on the Two-Period Consumption Model   The following links include additional notes and outlines on Intertemporal Budget Constraints and the Consumption-Savings Models: Choice Over Time; (Page 85) Two-Period Consumption Model    

The Labor Supply Model

The Labor Supply Model  <– Click the link above to access examples on the Labor Supply Model   Labor Supply Theory:   Substitution and Income Effects on the Backward Bending Supply Curve of Labour:   Quasilinear Utility and Demand: