Photograph of coins in a caliper. (Courtesy of Daniel Bersak.)
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.
File decompression software, such as Winzip or StuffIt, is required to open the .zip files found on this course site. The .zip file contains additional files which require software as well.
MATLAB® software is required to run the .m files found on this course site.
MATLAB® is a trademark of The MathWorks, Inc.