Math 391R: Dynamic Programming, Fall 2009

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		Richard W. Evans Assistant Professor Brigham Young University Department of Economics office: 167 FOB phone: (801) 422-8303 e-mail: revans@byu.edu

Teaching: Math 391R Readings in Dynamic Programming
This page contains the readings and problem sets that are a primer for learning the theoretical foundations of dynamic programming and its main solution method of value function iteration.

Readings Jérome Adda and Russell Cooper, Dynamic Economics: Quantitative Methods and Applications, MIT Press, 2003. Nancy L. Stokey and Robert E. Lucas, Jr. with Edward C. Prescott, Recursive Methods in Economic Dynamics, Harvard University Press, 1989. Dimitri P. Bertsekas, Dynamic Programming and Optimal Control, Vols. 1 and 2, 3rd edition, Athena Scientific, 2005, 2007. Suresh P. Sethi and Gerald L. Thompson, Optimal Control Theory: Applications to Management Science and Economics, 2nd edition, Springer, 2000.

MatLab Tutorial MatLab tutorial: This tutorial is Chapter 4 from the Student Version manual "Learning MatLab 7, release 14. It is an older version of MatLab, but the basics haven't changed.

Problem Sets Problem Set 1 Problem Set 2 Problem Set 3 Problem Set 4 (m-file: discretenorm.m) Problem Set 5 (m-file: tauchenhussey.m) Problem Set 6 (m-file: discretelognorm.m)

Richard Evans