I'm starting my postgrad studies in economics and I found it very different to undergrad economics - there is a lot of technicalities and mathematics involved. I have recently encountered these maths stuff:
Bellman equation
Euler equation
Ramsey's optimal growth model
Can someone explain what these mean and what they are used for in economics? I have trouble understanding the symbols.
Bellman equation
Euler equation
Ramsey's optimal growth model
Can someone explain what these mean and what they are used for in economics? I have trouble understanding the symbols.