• Offered by Research School of Economics
  • ANU College ANU College of Business and Economics
  • Course subject Economics
  • Areas of interest Econometrics, Economics

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.
     
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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). 
 

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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
Domestic fee paying students
Year Fee
2019 $4140
International fee paying students
Year Fee
2019 $5460
Note: Please note that fee information is for current year only.

Offerings and Dates

The list of offerings for future years is indicative only

First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
3405 24 Feb 2020 02 Mar 2020 31 Mar 2020 29 May 2020 In Person N/A

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
8414 27 Jul 2020 03 Aug 2020 31 Aug 2020 30 Oct 2020 In Person N/A

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