Аспирантура
2020/2021
Динамическая оптимизация для целей исследования в экономике и менеджменте
Статус:
Курс по выбору
Направление:
38.06.01. Экономика
Кто читает:
Департамент менеджмента
Когда читается:
1-й курс, 1 семестр
Формат изучения:
без онлайн-курса
Преподаватели:
Слоев Игорь Анатольевич
Язык:
английский
Кредиты:
3
Контактные часы:
28
Course Syllabus
Abstract
This course covers topics in dynamic optimization methods which might be relevant for applied business research: investment decisions, pricing etc. It discovers and explores cases both in discrete and in continuous time. The methodological approaches address methods in dynamic programming and optimal solutions across infinite/finite time horizons. The course illustrates how dynamic optimization is useful for business strategies development on a rigorous analytical base.
Learning Objectives
- to differentiate dynamic optimisation methods
- to distinguish situations where dynamic optimisation methods can be used
- to apply dynamic optimization techniques for different business problems
- to construct Bellman equation and find close-form solution if possible
- to estimate Bellman equation
Expected Learning Outcomes
- Be able to design new courses within the professional field which could be also based on finished research theoretical and empirical projects
- Be able to conduct research activity in an educational institutions and management of students' research activity
Course Contents
- 1. Types of dynamic optimization problems.Discrete/continuous time, finite/infinite horizon of planning, finite/infinite number of states, stochastic/deterministic problems.
- 2. Principle of optimality and Bellman equationSolutions for different types of problems.
- 3. Applications of dynamic optimization in Management.
Assessment Elements
- In class Presentation
- Midterm exam assessment
- Written assignment on analysis of an academic paper
Interim Assessment
- Interim assessment (1 semester)0.4 * In class Presentation + 0.3 * Midterm exam assessment + 0.3 * Written assignment on analysis of an academic paper
Bibliography
Recommended Core Bibliography
- Adda, J., & Cooper, R. W. (2003). Dynamic Economics : Quantitative Methods and Applications. Cambridge, Mass: The MIT Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=100029
Recommended Additional Bibliography
- Chow, G. C. (1997). Dynamic Economics : Optimization by the Lagrange Method. New York: Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=176360
- Chow, G. C. (1997). Dynamic Economics: Optimization by the Lagrange Method. Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.oxp.obooks.9780195101928