Summer 1999
Office: DMH 214
Hours:MTWRF 1030-1130
Textbooks: Klein, Fundamental Methods of Mathematical Economics
Grading: Grades will be based upon homework, two midterm examinations, and a final examination with weights of approximately 15:25:25:35.
Course Structure:
WEEK | TOPIC | READING | HOMEWORK ASSIGNMENT |
|
---|---|---|---|---|
1 | Unconstrained Maximization and Minimization | Klein Ch. 10 and Second Order Conditions |
#10.1(3,6,7)#10.2(3,6)#10.3(1,2) | |
2 | Constrained Maximization and Minimization | Klein Ch. 11 | #11.1 (3,5,6),11.2(5,7) | |
3 | Comparative Statics | Comparative Statics | (1,2,3) | |
4 | More Comparative Statics | Comparative Statics | (4,5,6) | |
5 |
Fixed Point Theorems in Economics | Fixed Points | (1,2,3) | |
First Midterm Examination | ||||
6 | Difference Equations | Klein Ch 13 | #13.1(7,8), #13.2(3,4,5), #13.3(2,3,4) | |
7 | Differential Equations | Klein Ch 14 | #14.1(1,2,3,5), #14.2(3,4), #14.3(1,2,3,4) | |
8 | Dynamic Optimization | Klein Ch 15 | #15.1(1,2,3), #15.2(1,2,3,4,5) | |
9 | Dynamic Optimization Pontryagin | Klein Ch 15 | #15.3(1,2,3) | |
10 | Stochastic Processes | Ito's Lemma | (1,2,3) | |
Second Midterm Examination | ||||
11 | Bellman's Dynamic Programming | Dynamic Programming | (1,2,3) | |
12 | Options and Derivatives | Options | (1,2,3) | |
13 | Financial Economics | Black-Scholes Equation | (1,2,3) | |
14 | More Financial Economics | Stochastic Differential Equations | (1,2,3) | |
15 | Review | |||
Final Examination |