Russell Cooper教授暨南大学经济与社会研究院课程报名

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名师讲堂“课程预告：
Dynamic Programming: Theory and Applications

主讲人：Russell Cooper教授
时间：2016年7月16日、18日、19日（共三次课程）
地点：暨南大学石牌校区（广州市天河区黄埔大道西601号）

报名信息：
欢迎校内外同学与老师踊跃报名，优先考虑暨南大学经济类本科生，研究生及青年教师。有意参加者请发送报名邮件至iesr@jnu.edu.cn，标题为“课程报名+学校+姓名”，内附个人简历。报名截止日期：7月1日。

讲座Syllabus：

A. Course Description:
These lectures study decision problems of households and firms in a dynamic stochastic setting. To do so, the course will develop a number of tools and then apply them to the agents' choice problems and equilibrium. A primary tool is dynamic programming. The course will provide the basic foundations for dynamic programming, both in theory and through numerical analysis. Another tool is the use of simulated method of moments to estimate economic models.

After developing these two tools, the course turns to applications. Household dynamic choices will include intertemporal consumption,labor supply, portfolio adjustment and durable expenditures. A theme will be the interaction of discrete and continuous choices. For the firm part of the course, the focus will be on dynamic factor demand.

B. Course Plan
Lecture 1:Overview of Dynamic Programming
Asset Pricing Example
●Cake Eating Probems
●Stochastic Growth Model: Solution and Estimation
●Simulated Method of Moments

Lecture 2:Household Intertemporal Choice
●Household Consumption/ Saving: the Euler Equation
●Household Portfolio Adjustment
● Household Durable Demand

Lecture 3:Dynamic Factor Demand
●Generic Capital Demand
●Q Theory
● Lumpy Investment
●General Equilibrium

Optional Textbook: Jerome Adda and Russell Cooper Dynamic Economics:
Quantitative Methods and Applications, MIT Press, 2003.

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