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Direct linkNorman, Stephen; Schlaudraff, Jonathan; White, Karianne; Wills, Douglas – Journal of Economic Education, 2013
In this article, the authors show that the dividend discount model can be derived using the basic intertemporal consumption model that is introduced in a typical intermediate microeconomics course. This result will be of use to instructors who teach microeconomics to finance students in that it demonstrates the value of utility maximization in…
Descriptors: Microeconomics, Economics Education, College Instruction, Models
