中级宏观经济管理学与财务知识分析规范.pptVIP

Chapter 5A Closed-Economy One-Period Macro Model;The Model;The Government;Competitive Equilibrium;1) C and Ns solves the consumer’s problem, max U( C, h-Ns ) C, Ns subject to C = wNs + ? - T and C ? 0 , Ns ? 0. In other words, C and Ns must satisfy the FOC, U2( C, h-Ns ) - wU1( C, h-Ns ) = 0. 2) Nd solves the firm’s problem given z, K and w. Thus the FOC is satisfied. ;3) Market-clearing conditions: Labor market clearing ? Ns = Nd