Courses:

Dynamic Optimization & Economic Applications (Recursive Methods) >> Content Detail



Calendar / Schedule



Calendar

Each topic is addressed in a week to a week and a half of course time. Readings are from the course text book listed in the syllabus section of this site.





TOPIC #TOPICSREADINGS
1Preliminaries; Euler Equations and Transversality Conditions; Principle of OptimalityStokey, Lucas, and Prescott (SLP), chapters 3-4.1
2Bounded Returns; Differentiability of Value Function; Homogenous and Unbounded Returns; ApplicationsSLP, chapters 4-5
3Deterministic Global and Local DynamicsSLP, chapter 6
4Stochastic Dynamic Programming; Applications; Markov ChainsSLP, chapters 9-11
5Weak Convergence; ApplicationsSLP, chapters 12-13
6Repeated Games and Dynamic ContractsAbreu, Pearce, and Stachetti
7Continuous-Time Dynamic Programming and Hamilton-Jacobi-Bellman PDE EquationsFleming and Soner, chapter 1
 


 



 








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