This lecture answers:

  1. What is discounting?
  2. What determines the discount rate?
  3. What are the implications of discounting on computing the costs and benefits of policies?


Slides are below. The HTML slides will open in your browser and you might need to install the Lato font for it to look like it does in class. If you use the HTML slides you can navigate with the left and right arrows. Pressing ‘o’ lets you see all the slides.

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