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Dynamic Optimization & Economic Applications (Recursive Methods)

Massachusetts Institute of TechnologyUnited States14.128
Free, no sign-up neededSpring 2003English
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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”. 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.

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