Base10 is happy to report that he finally seems to understand--albeit poorly--the neoclassical growth model. We started the Ramsey growth model last night as well.

It used to be that real business cycle theory was the cornerstone of a macro class. While it still is at the undergradyuate level, RBC's seem to be somewhat of an afterthought these days. Keynes would be horrified!

- posted by Base10 @ 4:50 PM