Term offered varies. Corbae 1.This class is intended to familiarize PhD students with numerical methods to solve economic models. Topics covered depend on the instructor. Example topics include measure theory and integration, approximation methods, fixed point problems, solving functional equations like dynamic programs, monte carlo methods. Such methods are used in differentiated product models in industrial organization, political economy models in macroeconomics, and dynamic private information models.
Heavy use is made of the computer.
The requirements for the class include weekly assignments and a final paper. There will be no recitation sections. Term offered varies. This course is an advanced seminar series in microeconomic theory. The course will consist of reading and discussing papers to be given by outside speakers.