The Dynamic Competitive Analysis course examines the two major models of dynamic economic analysis, the neo-classical growth model and the overlapping generations model. The first part of the course develops the multi-sector model of capital accumulation, focusing particularly on the use of forward dynamic programming methods for determining the optimal growth path for the economy. The second half of the course focuses on the overlapping generations model. OLG models incorporate the important heterogeneities associated with the human life-cycle, and the economic phenomenon this entails.
Lecture: 100min/wk and Recitation: 50min/wk