Home           Contact us           FAQs           
     Journal Home     |     Aim & Scope    |    Author(s) Information      |     Editorial Board     |     MSP Download Statistics
2012 (Vol. 4, Issue: 3)
Article Information:

Optimal Control for Dummies

Marcus Davidsson
Corresponding Author:  Marcus Davidsson 

Key words:  Dynamic optimization, growth, macro economics, optimal control, , ,
Vol. 4 , (3): 88-94
Submitted Accepted Published
May 30, 2012 June 29, 2012 June 30, 2012

The aim of this study is to facilitate the teaching of optimal control in economics. Understanding optimal control can be challenging to say the least. This study discusses optimal control and its applications in economics. More specifically the famous Keynesian-Ramsey rule will be explored and discussed in detail. The same rule is also extensively used in resource economics to calculate the optimal extraction from for example a gold mine.
Abstract PDF HTML
  Cite this Reference:
Marcus Davidsson, 2012. Optimal Control for Dummies.  Current Research Journal of Economic Theory, 4(3): 88-94.
    Advertise with us
ISSN (Online):  2042-485X
ISSN (Print):   2042-4841
Submit Manuscript
   Current Information
   Sales & Services
Home  |  Contact us  |  About us  |  Privacy Policy
Copyright © 2015. MAXWELL Scientific Publication Corp., All rights reserved