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The unifying theme of this course is best captured by the title of our main reference book: “Recursive Methods in Economic Dynamics”.
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English
English [CC]
FREE
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Description
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 throughout the course.
Course content
- Lecture slides 1 Unlimited
- Lecture slides 2 Unlimited
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- Lecture slides 9 Unlimited
- Lecture slides 10 Unlimited
Instructor
Massachusetts Institute of Technology
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