Pennsylvania State University 3 credits EEFE
This is a course in quantitative economics and its applications, with heavier emphasis on linear models and how they relate to microeconomic theory in both static and dynamic settings. The first part of the course reviews the foundations of the mathematical analysis with the goal of modeling feasibility; i.e., the set of possible choices. This prepares us to next move to modeling the optimal choice with an extended presentation on optimization theory and application in the static setting. The final part of the course moves on to the methods for engaging in dynamic optimization.
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