ECONOMICS 951
NUMERICAL METHODS FOR
ECONOMICS AND ECONOMETRICS

C. Ferrall
Winter 2001
[Preliminary First Version]

Objective

This course introduces the basic numerical methods required by modern economics and econometrics.

Material

• Numerical Methods in Economics, by Kenneth L. Judd . This book is required
 
 
• Ox (An Object-Oriented Matrix Language) by J.A. Doornik. Use of this language is required. Ox is free for non-commercial use. It is installed in MC-B405 and Dunning 350.
 
 
• Introduction to Ox An Object-Oriented Matrix Programming Language, Jurgen A. Doornik, Gerrit Draisma, and Marius Ooms, Timberlake Consultants. This book is optional.
 
 
• Ox - An Object-Oriented Matrix Programming Language, Jurgen A. Doornik, Timberlake Consultants. This book is optional.
• Notes & supplementary material: will be available here
 
 

Part I

1. Numerical Functions, Derivatives, and Integrals

   Judd: 1.6, 2.1, 2.5-2.8, 7.1-7.2, 8.1-8.2; MLE and GHK.

2. Optimization

   Judd: 4.1-4.7g

Part II

1. Parallel Processing
2. Dynamic Programming

Judd:

3. Miscellaneous Topics

Judd:

Assignments

Assignment 1.0

 


Assignment 1.1

 


Assignment 1.2

 


Assignment 2.0

 


Assignment 2.1

 


Assignment 2.2

 


Assignment 3.0