Optimalisering (WISB372) and ECRMMAT (for USE research master students)


Course Progress:

Intended audience: research master students USE and bachelor students Mathematics.

This course is given on Wednesdays, 13:15-17 h. in Room 013, U-Building, University College Campus.

Credit and presence: for Economics students passing this course yields 5 ECTS; their presence at lectures is mandatory. For mathematics students passing this course yields 7.5 ECTS; their presence is not mandatory.

Homework: each week some homework will be assigned. Even though it is extremely important to do well in these assignments, your work will not be graded. Naturally, to obtain feedback about your homework achievements, you should contact the teacher. Saving up questions until the end of the course is not a good strategy for several reasons (one being that the amount of teacher time available for each student is limited).

Office Hours: Monday afternoons from 14:00-16:00 in Room 612, Mathematics Building (= Wiskundegebouw), Budapestlaan 6, Uithof, across from the Botanical Garden.

Literature: as announced above. You should keep an eye on this webpage for the above Course Program, but also for comments, corrections, etc. and the above announcements in red.

Prequisites: Chapters 1,2,3,4,7,10,11,14 and 15 from Dowling plus sections 5.1, 5.2 and 5.3 are prerequisites for this course. Starting with week 37, chapters 16 and 18 are added to this list (see announcement above) and as of week 38 it will also include chapters 17 and 18.2.The material about solving systems of differential equations should also be studied now, although ECRMMAT students are not required to know it for quiz 1 (but see the preface to the set of exercises for week 39).

Learning Goals: Competence in problem solving in the Calculus of Variations, Optimal Control Theory and Dynamic Programming. Additionally, for Mathematics students: some competence in providing proofs plus extra emphasis. Additionally, for Economics students: competence in problem solving of anterior subjects, such as solving differential equations per se, plus extra emphasis on some economic models.