312835 Optimal Control Models of Technical Progress in Macroeconomics (S) (WiSe 2012/2013)
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In this course I will give an overview of models of economic growth which include technical progress as one of the main sources of growth. The course starts with the endogeneous growth models from the neoclassical growth theory, such as models of embodied technical change of Bliss. Then the description of the ways how technical change is modelled in new growth theory is given. Here the basic models are those of Aghion&Howitt and of Grossman&Helpman. This strand of literature has numerous following-up papers in 1990s and 2000s, including models of directed technical change, which have wide application in environmental models (Acemoglu, Aghion).
All of these models employ the optimal control techniques to obtain the solution and steady states. I will concentrate on the common features of these models from the mathematical viewpoint and will discuss their further extensions. In later lectures I would like to discuss some alternative approaches through distributed optimal control methods to modelling technical change, which appeared recently in the literature.
Prerequisite for the course is basic understanding of optimal control methods and growth theory.
Teaching staff
Dates ( Calendar view )
| Frequency | Weekday | Time | Format / Place | Period |
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Subject assignments
| Module | Course | Requirements | |
|---|---|---|---|
| 31-M-El1 Elective Courses 1 Elective Courses 1 | Chosen course from the group "Specialisation and deepening of the knowledge on economic theory and/or quantitative methods" 4 LP | Student information | |
| 31-M-El3 Elective Courses 3 Elective Courses 3 | Chosen course from the group economic theory 4 LP | Student information | |
| 31-MM9-WiMa Macroeconomic Theory and Policy Makrotheorie und -politik | Quantitative Modelle der Politikentscheidungen | Graded examination
|
Student information |
The binding module descriptions contain further information, including specifications on the "types of assignments" students need to complete. In cases where a module description mentions more than one kind of assignment, the respective member of the teaching staff will decide which task(s) they assign the students.
| Degree programme/academic programme | Validity | Variant | Subdivision | Status | Semester | LP | |
|---|---|---|---|---|---|---|---|
| Economic Behavior and Interaction Models / Promotion | |||||||
| QEM - Models and Methods of Quantitative Economics / Master | |||||||
| Wirtschaftsmathematik / Master | (Enrollment until SoSe 2011) | ||||||
| Wirtschaftswissenschaften / Master | (Enrollment until SoSe 2012) | Modul 18 | 5 |
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- Last update basic details/teaching staff:
- Friday, December 11, 2015
- Last update times:
- Friday, July 6, 2012
- Last update rooms:
- Friday, July 6, 2012
- Type(s) / SWS (hours per week per semester)
- seminar (S) / 2
- Department
- Faculty of Business Administration and Economics
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