Calendar
Each topic is addressed in a week to a week and a half of course time. Readings are from the course text book listed in the
syllabus section of this site.
|
|
|
|
|
|
TOPIC # |
|
|
|
TOPICS |
|
|
|
READINGS |
|
|
|
|
|
|
|
|
|
|
|
|
1 |
|
|
|
Preliminaries; Euler Equations and Transversality Conditions; Principle of Optimality |
|
|
|
Stokey, Lucas, and Prescott (SLP), chapters 3-4.1 |
|
|
|
|
|
|
|
|
|
|
|
|
2 |
|
|
|
Bounded Returns; Differentiability of Value Function; Homogenous and Unbounded Returns; Applications |
|
|
|
SLP, chapters 4-5 |
|
|
|
|
|
|
|
|
|
|
|
|
3 |
|
|
|
Deterministic Global and Local Dynamics |
|
|
|
SLP, chapter 6 |
|
|
|
|
|
|
|
|
|
|
|
|
4 |
|
|
|
Stochastic Dynamic Programming; Applications; Markov Chains |
|
|
|
SLP, chapters 9-11 |
|
|
|
|
|
|
|
|
|
|
|
|
5 |
|
|
|
Weak Convergence; Applications |
|
|
|
SLP, chapters 12-13 |
|
|
|
|
|
|
|
|
|
|
|
|
6 |
|
|
|
Repeated Games and Dynamic Contracts |
|
|
|
Abreu, Pearce, and Stachetti |
|
|
|
|
|
|
|
|
|
|
|
|
7 |
|
|
|
Continuous-Time Dynamic Programming and Hamilton-Jacobi-Bellman PDE Equations |
|
|
|
Fleming and Soner, chapter 1 |
|
|
|
|
|
|
|