Take this lecture and focus on simulation https://python.quantecon.org/wealth_dynamics.html
This lecture should go after #14 , so there is no need to explain what the Lorenz curve and Gini coefficient are.
However, we need to carefully explain that the wealth distribution "becomes stationary" --- just by simulation, not maths
Then we explain that we are looking at inequality at the stationary distribution.
Investigate how it varies with parameters.
Simplify discussion in the last exercise --- remove mention of Kesten Goldie theorem and just ask for a rank-size plot.
Take this lecture and focus on simulation https://python.quantecon.org/wealth_dynamics.html
This lecture should go after #14 , so there is no need to explain what the Lorenz curve and Gini coefficient are.
However, we need to carefully explain that the wealth distribution "becomes stationary" --- just by simulation, not maths
Then we explain that we are looking at inequality at the stationary distribution.
Investigate how it varies with parameters.
Simplify discussion in the last exercise --- remove mention of Kesten Goldie theorem and just ask for a rank-size plot.