MIT Subject Listing & Schedule
Fall 2018 Search Results

Searched for: "14.451"    Subjects offered any term

1 subject found.

14.451 Dynamic Optimization Methods with Applications

(); first half of term
Prereq: 14.06 and permission of instructor
Units: 3-0-3
Ends Oct 19. Lecture: TR1-2.30 (E51-151) Recitation: F2.30-4 (E51-151)

Provides an introduction to dynamic optimization methods, including discrete-time dynamic programming in non-stochastic and stochastic environments, and continuous time methods including the Pontryagin maximum principle. Applications may include the Ramsey model, irreversible investment models, and consumption choices under uncertainty. Enrollment limited.
A. Simsek
No textbook information available