Courses:

Course Info

• Course Number / Code:
• 14.128 (Spring 2003) 
• Course Title:
• Dynamic Optimization & Economic Applications (Recursive Methods) 
• Course Level:
• Graduate 
• Offered by :
• Massachusetts Institute of Technology (MIT)
  Massachusetts, United States  
• Department:
• Economics 
• Course Instructor(s):
• Prof. Iván Werning 
• Course Introduction:
•  
• 
  
  14.128 Dynamic Optimization & Economic Applications (Recursive Methods)
  
  
  
  

  Spring 2003

  
  
  

  
  
  

  Course Highlights

  
  
  

  This course includes lecture slides and problem sets.

  
  
  

  Course 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.
  

  
  
  

  Technical Requirements

  
  
  

  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.