Apr 25, 2024  
2017-2018 Graduate Catalog 
    
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2017-2018 Graduate Catalog [ARCHIVED CATALOG]

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APEC 8360 - Dynamic Optimization with Economic Applications

3 Credits (3 Contact Hours)
Dynamic optimization entails the use of optimal control to solve minimization or maximization problems in which choice variables affect how state variables change over time. Differential or difference equations describe the temporal changes. Economic applications pertain to actual use and efficient management over time of financial, human, physical and natural capital. Preq: APEC 8040  or ECON 8040  or MATH 2060 or MATH 2070.


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