14.128 Dynamic Optimization & Economic Applications (Recursive Methods)
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14.128 Dynamic Optimization & Economic Applications (Recursive Methods)

        

14.128 Dynamic Optimization & Economic Applications (Recursive Methods)

Logo for 14.128 Dynamic Optimization & Economic Applications (Recursive Methods)
The unifying theme of this course is best captured by the title of our main reference book: "Recursive Methods in Economic Dynamics". We start by covering deterministic and stochastic dynamic optimization using dynamic programming analysis. We then study the properties of the resulting dynamic systems. Finally, we will go over a recursive method for repeated games that has proven useful in contract theory and macroeconomics. We shall stress applications and examples of all these techniques... More
Material Type: Online Course
Date Added to MERLOT: June 09, 2011
Date Modified in MERLOT: June 09, 2011
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Submitter: Cathy Swift

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Language: English
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Creative Commons: Creative Commons License
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