Course Objectives:
It provides students with basic knowledge of stochastic processes in financial economics and the ability to analyze and use these models in solving real-life problems.
Course Content:
Financial problems as dynamical systems; simulation as a solution procedure for complex dynamic models; complex nonlinear dynamic phenomena; stochastic dynamic models; system dynamics methodology; stock-flow modeling; policy design and improvement by simulation experiments; financial strategy applications and cases.
Teaching Methods:
1: Lecture, 2: Question-Answer, 3: Discussion, 4: Simulation, 5: Case Study
Assessment Methods:
A: Testing, B: Experiment, C: Homework, Q: Quiz