Dynamic Programming¶
This section of the course contains foundational models for dynamic economic modeling. Most are single agent problems that take the activities of other agents as given. Later we will look at full equilibrium problems.
Lectures¶
- Shortest Paths
- Job Search I: The McCall Search Model
- Job Search II: Search and Separation
- A Problem that Stumped Milton Friedman
- Job Search III: Search with Learning
- Job Search IV: Modeling Career Choice
- Job Search V: On-the-Job Search
- Optimal Growth I: The Stochastic Optimal Growth Model
- Optimal Growth II: Time Iteration
- Optimal Growth III: The Endogenous Grid Method
- LQ Dynamic Programming Problems
- Optimal Savings I: The Permanent Income Model
- Optimal Savings II: LQ Techniques
- Consumption and Tax Smoothing with Complete and Incomplete Markets
- Optimal Savings III: Occasionally Binding Constraints
- Robustness
- Discrete State Dynamic Programming