Prof. Iván Werning
The unifying theme of this course is best captured by the title of our main reference book: "Recursive Methods in Economic Dynamics". We start by covering deterministic and stochastic dynamic optimization using dynamic programming analysis. We then study the properties of the resulting dynamic systems. Finally, we will go over a recursive method for repeated games that has proven useful in contract theory and macroeconomics. We shall stress applications and examples of all these techniques throughout the course.
Werning, Iván. 14.128 Dynamic Optimization & Economic Applications (Recursive Methods), Spring 2003. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/economics/14-128-dynamic-optimization-economic-applications-recursive-methods-spring-2003 (Accessed). License: Creative Commons BY-NC-SA