Solving the Two-Period Consumer Choice Model with Excel-Solver
15 Pages Posted: 30 Jan 2012
Date Written: January 24, 2012
In this paper we present a classroom exercise where students can solve the basic two-period consumer choice model using the Excel-Solver, and explore the main features of the model. We also include a static comparative analysis and a borrowing constraint in the optimization problem.
JEL Classification: A22, D91, C65
Suggested Citation: Suggested Citation