Dynamic Programming: An Introduction by Example

Joachim Zietz

No 200405, Working Papers from Middle Tennessee State University, Department of Economics and Finance

Abstract: Some basic dynamic programming techniques are introduced by way of example with the help of the computer algebra system Maple. The emphasis is on building confidence and intuition for the solution of dynamic problems in economics. To better integrate the material, the same examples are used to introduce different techniques. One covers the optimal extraction of a natural resource, another consumer utility maximization, and the final example solves a simple real business cycle model. Every example is accompanied by Maple computer code to make replication and extension easy.

Keywords: Dynamic Programming; Computer-Aided Solutions; Learning by Example (search for similar items in EconPapers)
JEL-codes: A23 C61 (search for similar items in EconPapers)
Date: 2004-09
New Economics Papers: this item is included in nep-cmp and nep-dge
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http://capone.mtsu.edu/berc/working/Zietz-DP-1.pdf (application/pdf)

Related works:
Journal Article: Dynamic Programming: An Introduction by Example (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:mts:wpaper:200405

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