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Dynamic Optimization & Economic Applications (Recursive Methods)

Description

The unifying theme of this course is finest captured by the title of our fundamental reference guide: “Recursive Strategies in Economic Dynamics”. We begin by overlaying deterministic and stochastic dynamic optimization utilizing dynamic programming evaluation. We then research the properties of the ensuing dynamic methods. Lastly, we are going to go over a recursive methodology for repeated video games that has confirmed helpful in contract idea and macroeconomics. We will stress functions and examples of all these methods all through the course.


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