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- Code:
- ECON-C1900
- Field:
- Microeconomics
- Target:
- Bachelor's students
- Organiser:
- Aalto University
- Instructor:
- Mitri Kitti
- Period:
- Period 4
- Format:
- Lecture
- Method:
- Contact teaching
- Venue:
- Otaniemi campus
- Enrollment:
In case of conflicting information consider the Sisu/MyCourses pages the primary source of information.
Hanken and UH economics students can enroll in their home university’s SISU! Further instructions can be found on the How to enroll? page, also for other students.
Before taking and completing the course make sure that the credits can be counted towards your degree at your home university by checking which courses are included in your curriculum or by contacting your home university’s student/learning services.
- To access the course workspace, use all the features and participate in the activities (assignments, discussions), you must have successfully registered for the course in Aalto's Sisu and logged in as an Aalto user with your Aalto IT account (which is generated after you have been granted study rights).
- For more tips on how to register for a MyCourses course area, click here.
Content
- Must know: KKT conditions, convex programming, the value function, the maximum principle, principle of optimality, value functions, bellman equations
- Should know: Properties of metric spaces, optimization with uncertainty, continuous time optimization, numerical optimization methods
- Nice to know: Properties of dynamical systems, phase diagrams, Markov decision problems, stochastic processes
Learning outcomes
This course is intended to aid the student in developing comfort and familiarity with the level of mathematics used in economics research. The course focuses on specifically on a careful treatment of optimization as applied to economic models. Special focus is given to introducing and developing fundemental tools in convex optimization and dynamic optimization.