IDEC8020 Applied Economic Dynamics
| Offered By | International and Development Economics Program |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | International and Developmental Economics |
| Offered in | First Semester, 2010 |
| Unit Value | 6 units |
| Course Description |
3-4 contact hours per week This is a Master degree and PhD level course in applied economic dynamics, with special emphasis on simulation techniques and numerical methods. Topics include deterministic dynamic systems, transitional dynamics and stochastic optimal control theory, with applications to natural resource economics, macroeconomic dynamics and economic growth. Students will be required to submit a research project that numerically simulates solution paths of some dynamic problem of interest, using either Maple or Mathematica. Brief course outline: . Introduction to applied dynamics . Descriptive dynamics and stability theory . Basic optimal control theory . Boundary conditions and transitional dynamics . Stochastic methods and stochastic calculus . Stochastic optimal control theory . Simulation and numerical methods . Resources, growth and macroeconomic dynamics |
| Indicative Assessment |
Midterm Exam 20%; Research Project 40%; Final Exam 40% |
| Course Classification(s) | AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs. and SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation. |
| Areas of Interest | Economics |
| Programs | Master of International and Development Economics and Master of International Trade and Economic Relations |
| Academic Contact | Dr Tom Kompas |
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