Note on final lectures

On the Wednesday lecture of this week, Espen will cover more on sufficient conditions for the Maximum principle, as well as doing some comparative statics (i.e. shadow price formulation).

 

Then, on Thursday, Framstad will step in and conclude the lecturing on Control theory. Depending on what time permits, topics that might be covered are  (I) current value-formulation, (II) horizon as choice variable, and (III) infinite horizon.

 

There will be a review lecture, time to be discussed on Thursday.  It could be convenient to do that one after your other exams -- make sure you know your schedules.

Published Nov. 12, 2013 9:09 AM