Many optimization questions arise in economics and finance; An important example of this is when society chooses the optimum economic state (which we call the social choice problem). This course, called Optimization in Economics and Finance, expands and improves upon the usual optimization techniques. The models and methods presented in this course have broad interdisciplinary professional and academic application, such as economics, finance, and applied mathematics, including policy planning and optimal social choice, using optimal models for forecasting, market simulation, development planning, and sensitivity analysis.
The contents of the courses are as follows: Optimal Models, Mathematics of Optimal Control, Calculation of Optimal Control: SCOM Package, Calculation of Optimal Growth and Development, Modeling of Financial Investment with Growth, Modeling of Sustainable Development, Modeling and Calculation of a Stochastic Growth Model, Optimization in Welfare Economics, Infinite Horizon Models Contrast Condition for.