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reference request - dynamic discrete time optimization methods

Economics Asked by Mr. T on January 25, 2021

Next semester I am taking business cycle theory course. I emailed my teacher and he replied that I need firm understanding of dynamic discrete time optimization methods. I am gonna study mainly from Sydsaeter / Hammond Further math. Yet I even need to catch up with static optimization, but I have Winter break.

My question is, could you please recommend me some good sources (net / textbooks) for dynamic discrete time optimization methods? Rather introductory. Thank you

One Answer

As suggested by 1muflon1:

I don't really use dynamic discrete optimization (yet) in my work, but I did explore several books once. Here are some suggestions:

  1. Economic Dynamics: Theory and Computation by John Stachurski: It's very easy to fall in love with this guy. He writes casually yet authoritatively. The book covers required real analysis and includes python codes and exercises.

  2. If you like the above book do explore https://quantecon.org/lectures/

  3. Recursive Methods in Economic Dynamics by Stokey, Lucas and Prescott

Correct answer by Dayne on January 25, 2021

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