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Last updated:
October 21, 2022
Duration:
Unlimited Duration
FREE
This course includes:
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Description
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 throughout the course.
Course Curriculum
- Lecture slides 1 Unlimited
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About the instructor
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Massachusetts Institute of Technology
