Apple iPhone. See Problem Set 3 for a problem about how to maximize the present value of revenues for iPhones by using dynamic optimization to determine the price. (Image by MightyMac <3 on Flickr.)
Instructor(s)
Prof. Guido Lorenzoni
MIT Course Number
14.451
As Taught In
Fall 2009
Level
Graduate
Course Description
Course Features
Course Description
This course focuses on dynamic optimization methods, both in discrete and in continuous time. We approach these problems from a dynamic programming and optimal control perspective. We also study the dynamic systems that come from the solutions to these problems. The course will illustrate how these techniques are useful in various applications, drawing on many economic examples. However, the focus will remain on gaining a general command of the tools so that they can be applied later in other classes.
Other Versions
Other OCW Versions
OCW has published multiple versions of this subject. 