Lehrende: Prof. Dr. Olaf Posch
Veranstaltungsart: Interaktive Lehrveranstaltung
Anzeige im Stundenplan: Dynamic Optimization
Semesterwochenstunden: 3
Credits: 6,0
Unterrichtssprache: Englisch
Min. | Max. Teilnehmerzahl: - | 45
Kommentare/ Inhalte: This course provides a toolbox for solving dynamic optimization problems in economic models. In particular, we review the mathematical tools required for courses in economics including calculus of variation, control theory, and dynamic programming. We then study models in continuous and discrete time. Throughout the course, the optimization problems are illustrated using various examples in economics. The course is designed to be accessible to anybody who has had a basic training in mathematical analysis of dynamic systems such as topics in difference and differential equations. Dynamic Optimization:
Lernziel: After this course, the students are able to ...
Vorgehen: - this course emphasizes economics not only to motivate a mathematical topic, but also to help acquire mathematical intuition - focus on techniques particularly useful in economics and not necessarily on mathematical proofs - the examples in this lecture cover a wide range of models in economics - every section includes worked examples and problems for students to solve as exercises Dynamic Optimization: Interactive Lecture (3 SWS)
Literatur: - Sydsæter, Knut, Peter Hammond, Atle Seierstad and Arne Strøm, Further Mathematics for Economic Analysis (FMEA), Prentice Hall, 2nd edition, 2008
