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12 changes: 6 additions & 6 deletions lectures/olg.md
Original file line number Diff line number Diff line change
Expand Up @@ -30,8 +30,8 @@ model.

## Overview

The dynamics of the OLG model are quite similar to those of the Solow-Swan
growth model.
The dynamics of the OLG model are quite similar to those of the [Solow-Swan
growth model](https://intro.quantecon.org/solow.html).

At the same time, the OLG model adds an important new feature: the choice of
how much to save is endogenous.
Expand Down Expand Up @@ -78,7 +78,7 @@ An individual born at time $t$ lives for two periods, $t$ and $t + 1$.
We call an agent

- "young" during the first period of their lives and
- "old" during the second period of their lives
- "old" during the second period of their lives.

Young agents work, supplying labor and earning labor income.

Expand Down Expand Up @@ -232,8 +232,8 @@ describing demand for capital given prices.

### Firm's problem

For each integer $t \geq 0$, output $y_t$ in period $t$ is given by
the **Cobb-Douglas production function**
For each integer $t \geq 0$, output $y_t$ in period $t$ is given by the
**[Cobb-Douglas production function](https://en.wikipedia.org/wiki/Cobb%E2%80%93Douglas_production_function)**

```{math}
:label: cobb_douglas
Expand Down Expand Up @@ -694,7 +694,7 @@ Visualize the dynamics using a 45 degree diagram.
```


To solve for $k_{t+1}$ given $k_t$ we use Newton's method.
To solve for $k_{t+1}$ given $k_t$ we use [Newton's method](https://python.quantecon.org/newton_method.html).

Let

Expand Down