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Dynamic Optimization & Economic Applications (Recursive Methods)

Dynamic Optimization & Economic Applications (Recursive Methods) Coupon

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The unifying theme of this course is greatest captured by the title of our essential reference e book: “Recursive Strategies in Financial Dynamics”. We begin by overlaying deterministic and stochastic dynamic optimization utilizing dynamic programming evaluation. We then examine 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 concept and macroeconomics. We will stress functions and examples of all these methods all through the course.


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