Keister, Todd (2005): Lecture Notes on The Optimal Growth Problem. Unpublished.
![[img]](http://mpra.ub.uni-muenchen.de/style/images/fileicons/application_pdf.png)
| PDF - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader 382Kb |
These notes provide an introduction to the study of optimal growth in the one-sector neoclassical growth model in continuous time. The model is developed using the analogy of Robinson Crusoe living on a deserted island. Both the Hamiltonian method and the phase diagram are presented and explained on an intuitive level. Some familiarity with optimization theory and differential equations, as well as a thorough understanding of intermediatelevel microeconomics, is assumed.
| Item Type: | MPRA Paper |
|---|---|
| Institution: | ITAM |
| Language: | English |
| Keywords: | Optimal Growth |
| Subjects: | O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General |
| ID Code: | 1461 |
| Deposited By: | Todd Keister |
| Deposited On: | 14. Jan 2007 |
| Last Modified: | 07. Nov 2007 01:47 |
All papers reproduced by permission. Reproduction and distribution subject to the approval of the copyright owners.
Repository Staff Only: item control page
