“名师讲堂”课程预告：

Dynamic Programming: Theory and Applications

主讲人：Russell Cooper教授

时间：2016年7月16日、18日、19日（共三次课程）

地点：暨南大学石牌校区（广州市天河区黄埔大道西601号）

报名信息：

欢迎校内外同学与老师踊跃报名，优先考虑暨南大学经济类本科生，研究生及青年教师。有意参加者请发送报名邮件至iesr@jnu.edu.cn，标题为“课程报名+学校+姓名”，内附个人简历。报名截止日期：7月1日。

主讲人简介：

Russell W. Cooper，现任宾夕法尼亚州立大学经济系教授。在此之前，他曾在耶鲁大学、爱荷华大学、波士顿大学、德克萨斯大学、欧洲大学学院等大学执教。Russell W. Cooper于1977年获得克拉克大学经济学与国际关系学士学位，1982年获得宾夕法尼亚大学经济学博士学位。他的研究领域为宏观经济学，国际经济学，应用计量经济学，产业组织学。研究成果发表于American Economic Review, Quarterly Journal of Economics, Review of Economic Studies, Journal of Political Economy, Journal of Monetary Economics, Journal of Labor Economics, International Economic Review, Rand Journal of Economics, Journal of Economic Theory, Economic Journal, Journal of the European Economic Association等著名期刊。除了出色的研究之外，Russell W. Cooper教授还是一名优秀的经济学教师，他与Jerome Adda教授合著的Dynamic Economics: Quantitative Methods and Applications（MIT Press, 2003）是动态经济学领域的经典入门教材。他曾在复旦大学、香港科技大学、加拿大皇后大学、台湾大学、日本庆应义塾大学、北京大学、上海财经大学、加州大学河滨分校、莱斯大学等地教授短期课程，深受学生欢迎。

讲座Syllabus：

A. Course Description:

These lectures study decision problems of households and firms in a dynamic stochastic setting. To do so, the course will develop a number of tools and then apply them to the agents' choice problems and equilibrium. A primary tool is dynamic programming. The course will provide the basic foundations for dynamic programming, both in theory and through numerical analysis. Another tool is the use of simulated method of moments to estimate economic models.

After developing these two tools, the course turns to applications. Household dynamic choices will include intertemporal consumption,labor supply, portfolio adjustment and durable expenditures. A theme will be the interaction of discrete and continuous choices. For the firm part of the course, the focus will be on dynamic factor demand.

B. Course Plan

Lecture 1:Overview of Dynamic Programming

Asset Pricing Example

●Cake Eating Probems

●Stochastic Growth Model: Solution and Estimation

●Simulated Method of Moments

Lecture 2:Household Intertemporal Choice

●Household Consumption/ Saving: the Euler Equation

●Household Portfolio Adjustment

● Household Durable Demand

Lecture 3:Dynamic Factor Demand

●Generic Capital Demand

●Q Theory

● Lumpy Investment

●General Equilibrium

Optional Textbook: Jerome Adda and Russell Cooper Dynamic Economics:

Quantitative Methods and Applications, MIT Press, 2003.