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.
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| TOPIC # | | | | TOPICS | | | | READINGS | |
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| | | | | | 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 | | | | | | |
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