LEARNING OUTCOMES
This course is intended to aid the student in developing comfort and familiarity with the level of mathematics used in economics research. The course focuses on specifically on a careful treatment of optimization, with a focus on dynamic optimization methods, as applied to economic models.cs, Mathematics for Economists
Credits: 6
Schedule: 28.02.2023 - 20.04.2023
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Daniel Hauser
Contact information for the course (applies in this implementation):
CEFR level (valid for whole curriculum period):
Language of instruction and studies (applies in this implementation):
Teaching language: English. Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
valid for whole curriculum period:
Must know: KKT conditions, convex programming, the value function, the maximum principle, principle of optimality, value functions, bellman equations
Should know: Properties of metric spaces, optimization with uncertainty, continuous time optimization, numerical methods
Nice to know: properties of dynamical systems, phase diagrams, Markov decision problems, stochastic processes
DETAILS
Study Material
valid for whole curriculum period:
Textbook: Avinash Dixit, “Optimization in Economic Theory: Second Edition,” Oxford University Press, 1990
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Teaching Language : English
Teaching Period : 2022-2023 Spring IV
2023-2024 Spring IV