Description
An in-depth exploration of dynamic optimization in Economics, written
by the author of the best-selling FUNDAMENTAL METHODS OF MATHEMATICAL ECONOMICS. It can be
used in sequence with FUNDAMENTAL METHODS, or independently, at the advanced undergraduate
or a beginning graduate level. It is written at the same analytical level, with the same
care, as the other Chiang text.
Table of Contents
PART ONE: INTRODUCTION:
1. The Nature of Dynamic Optimization.
PART TWO: CALCULUS OF VARIATIONS:
2. The Fundamental Problem of Calculus of Variations.
3. Transversality Conditions for Variable-Endpoint Problems.
4. Second-Order Conditions.
5. Infinite Planning Horizon.
6. Constrained Problems.
PART THREE: OPTIMAL CONTROL THEORY:
7. Optimal Control.
8. More on Optimal Control.
9. Infinite-Horizon Problems.
10. Optimal Control with Constraints.
352 pages Softback
