17 August 2012
Economic Modeling and Inference
The course covers identification and estimation of stochastic dynamic programming models. Sources of error (measurement error, imperfect control, random utility) are treated. Issues of discrete versus continuous time, finite versus infinite horizon, and discrete versus continuous states and controls are considered. Applications are drawn from a variety of fields. Macroeconomic applications: DSGE models, production function estimation, consumption, labor demand and supply, asset pricing, time to build, time inconsistency of optimal plans, money. Department of Economics and Business.
Bent Jesper Christensen, Aarhus University
Please see website for further information.
EUR 1: Please see website for further information: http://www.au.dk/en/summeruniversity/application/tuitionfeeandparticipationfee/