Restructure IFP lectures: separate transient shocks into new lecture #747
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- Split ifp_egm.md into two lectures: - ifp_egm.md (III): Simplified model with y(z) = exp(z), no transient shocks - ifp_egm_transient_shocks.md (IV): Full model with y(z,eta) and Monte Carlo integration - Update ifp_advanced.md title from IV to V (Stochastic Returns on Assets) - Update _toc.yml to include new lecture in sequence - Increase savings_grid_size to 200 for better accuracy - Convert utility functions to lambda expressions for conciseness This reorganization improves pedagogy by introducing EGM with a simpler model first, then adding complexity with transient shocks in the next lecture. 🤖 Generated with [Claude Code](https://claude.com/claude-code) Co-Authored-By: Claude <noreply@anthropic.com>
- Rename equation labels to avoid conflicts with ifp_egm.md: - eqst → eqst_ts - eqeul1 → eqeul1_ts - cfequ → cfequ_ts - Update all references to use new labels 🤖 Generated with [Claude Code](https://claude.com/claude-code) Co-Authored-By: Claude <noreply@anthropic.com>
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Fixed the duplicate equation label warnings by renaming labels in
All references to these equations have been updated accordingly. The build should now pass without warnings. |
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📖 Netlify Preview Ready! Preview URL: https://pr-747--sunny-cactus-210e3e.netlify.app (31a56e1) 📚 Changed Lecture Pages: ifp_advanced, ifp_egm, ifp_egm_transient_shocks |
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Summary
This PR reorganizes the Income Fluctuation Problem (IFP) lecture series to improve pedagogical clarity by separating content into distinct lectures of increasing complexity.
Changes
1. Split into two lectures
New Lecture III (): Simplified model without transient shocks
y(z) = exp(z)(deterministic given state)New Lecture IV (): Full model with transient shocks
y(z, η) = exp(a_y * η + z * b_y)2. Updated lecture numbering
3. Code improvements
savings_grid_sizefrom 50 to 200 for better accuracy4. Updated table of contents
ifp_egm_transient_shocksin proper sequencePerformance
Both lectures run successfully:
Pedagogical Benefits
🤖 Generated with Claude Code
Co-Authored-By: Claude noreply@anthropic.com