ECO 6108 Economic System Design
3 units
Economics
Faculty of Social Sciences
Deterministic dynamic optimization methods: economic and managerial applications of the maximum principle of Pontryagin and of dynamic programming. Discrete time stochastic dynamic optimization methods: Bayesian and Markovian decision theory, measures of risk-aversion and risk, portfolio theory, elements of search theory, applications of discrete time stochastic control to economics.
Components:
Lecture
Previously Offered Terms:
Fall
French Equivalent: