Dynamic Optimization
Schedule for Spring 2010 (subject to change)
|
Lecture |
Date
|
Topic
|
Readings |
Hwk |
|
1
|
1/11
|
Introduction, Notation and
Approach |
S1, LL 1, KS I.1 |
|
|
2
|
1/13
|
Static vs. Dynamic Optimization |
S2, KS I.3+I.4 |
|
|
1/18
|
MLK Day - no class |
|||
|
3
|
1/20
|
The Calculus of Variations |
S2, KS I.3+I.4 |
|
|
4
|
1/25
|
Calculus of Variations - examples |
S2, KS I.3+I.4 |
|
|
5
|
1/27
|
Transversality Conditions |
S3, LL 7 |
|
|
6
|
2/01
|
Equations of Motion |
S4, LL 2.1-2.3, KS B1-4 |
#1 |
|
7
|
2/03
|
Ito Calculus |
||
|
8 |
2/08
|
Stochastic Equations of Motion |
S4, Kall
and Wallace |
|
|
9
|
2/10
|
Economic Growth, Part 1
(Exogenous) |
S6, LL 3, KS II.1-II.3 |
|
|
10 |
2/15
|
Economic Growth, Part 2
(Exogenous) |
S6, LL 3, KS II.1-II.3 |
|
|
11 |
2/17
|
Economic Growth, Part 3
(Endogenous) |
S6, LL 3, KS II.1-II.3 |
|
|
12
|
2/22
|
Optimal Control, Part 1 |
S7, LL 2.4-2.5, KS B5 |
#2 |
|
13
|
2/24
|
Optimal Control, Part 2 |
S7, Dorfman |
|
|
14
|
3/01
|
Optimal Control in a Spreadsheet |
S8 |
|
|
15
|
3/03
|
Dynamic Stability |
S9, S10, Caputo |
|
|
16
|
3/08
|
Optimal Control: Further
Refinement |
S11 |
|
|
17
|
3/10
|
Dynamic Macroeconomics |
S12, Turnovsky
|
#3 |
|
3/15
|
Spring Break - no class |
|||
|
3/17
|
Spring Break - no class |
|||
|
18
|
3/22
|
Introduction to Dynamic
Programming |
S13 |
|
|
19
|
3/24
|
Generalized Resource
Allocation |
S13 |
|
|
20
|
3/29
|
Finite-horizon Deterministic DP |
S14 |
|
|
21
|
3/31
|
Finite-horizon Stochastic DP |
S16, Burt |
#4 |
|
|
4/05
|
Class cancelled |
||
|
22
|
4/07
|
Infinite-Horizon DP |
S17, Kennedy |
|
|
23
|
4/12 |
DP Solution Strategies |
S18, Pfeifer |
|
|
24
|
4/14
|
Irreversible Investment |
S22, Able & Eberly |
#5 |
|
25
|
4/19
|
Final Exam in class |
||
|
4/29
|
Review paper due by 5pm in KRAN
656 |
S=Shively
KS=Kamien and Schwartz
LL=Leonard and Van Long