Quantitative Methods and Applications: Dynamic Factor Demand (ECO-AD-DYNFACDEM)

ECO-AD-DYNFACDEM


Department ECO
Course category ECO Advanced courses
Course type Course
Academic year 2021-2022
Term BLOCK 1
Credits ,5 (EUI Economics Department)
Professors
Contact Simonsen, Sarah
Sessions

Purpose

 Goal
These lectures study decision problems of firms in a dynamic stochastic setting. To do so, the course will develop a number of tools and then apply them to the firms' choice problems and, in some cases, an equilibrium outcome. A primary tool is dynamic programming. The course will build upon 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 parameters of dynamic economic models. These were taught in the first year core courses and will be reviewed at the start of this course. The main focus will be on dynamic factor demand, both capital and labor. These applications will use and further develop the tools taught in the first part of the course. In addition, policy dimensions of the applications will be developed.

Requirements
You will have a requirement to write a paper following the structure of the summer report.

Description

see under goals

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Page last updated on 21 September 2018

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