This Special Topics course will cover a specific material in dynamic programming and stochastic processes as they apply to economics.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Develop a deep understanding of dynamic programming techniques from introductory dynamics to stochastic dynamic programming.
- Learn in depth about the theory of stochastic processes and their applications to economics.
- Be able to incorporate programming and mathematics into a set of economic models that gives rise to applications.
- Learn the foundational applications of dynamic programming techniques and Markov processes such as optimal savings rates, job search and asset pricing.
Indicative Assessment
Specified by Convenor (will have at least 2-3 assessments pieces, with the first assessment scheduled and with feedback received by week 6).The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
Will be tailored to students needs.Requisite and Incompatibility
You will need to contact the Research School of Economics to request a permission code to enrol in this course.
Prescribed Texts
Economic Dynamics - Theory and Computations. J. Stachurski.Assumed Knowledge
The course assumes basic knowledge of mathematical analysis, linear algebra and probability theory.Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 3
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2019 | $4140 |
- International fee paying students
| Year | Fee |
|---|---|
| 2019 | $5460 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
