Overview

Agenda

  1. How to format subscripts
  2. Using autofill to proliferate a difference equation
  3. Visualizing Pn vs. t
  4. Adding a parameter to our difference equation
  5. Generating different kinds of system behavior
  6. Visualizing pn+1 vs. pn
  7. Adding 45 degree line, identifying equilibrium

Procedure

Download this Excel spreadsheet and open to first worksheet (Preliminaries).

  1. Preliminaries
  2. Charting P vs T
  3. Formulas
  4. Problem 1
  5. Cat Solution
  6. 45 degree line
  7. Cat Solution 2
  8. Plotting Pn vs. Pn-1
  9. Endowment
  10. Endowment 2