Purpose and Scope
The short-course will provide a thorough introduction to the rapidly developing field of computational economics.The course will focus on practical applications of numerical methods to the formulation, solution, and analysis of stochastic dynamic models in economics and finance, with special emphasis on nonlinear dynamic optimization and equilibrium models.The short-course should be of interest to established and emerging economists who wish to learn how to use numerical techniques to solve and analyze economic models that do not possess closed-form algebraic solution or that otherwise cannot be readily solved using conventional mathematical analytic techniques. Potential areas of application include, but are not limited to, agricultural, environmental, development, financial, industrial, and macro- economics.
Foundations of Short course
The short-course will be an abridged version of the award-winning graduate course that has been taught by the instructor at The Ohio State University for fifteen years. The syllabus is accessible at http://www-agecon.ag.ohio-state.edu/class/AEDE802/Miranda/. The course attracts approximately 25 students annually from economics and finance. The book developed for the course is currently used as a primary or secondary text at many of the top economic programs in the United States.Short-course participants should have completed standard undergraduate courses in Calculus, linear algebra, and probability and doctoral level courses in microeconomics. Familiarity with computers is also expected. Experience with the Matlab or Gauss is highly desirable, but not essential.
Lectures and applications, will be drawn from �Applied Computational Economics and Finance�, by Mario J. Miranda and Paul W. Fackler, MIT Press, Cambridge MA, 2002. Students who purchase or otherwise obtain access to the textbook, and who read selected sections of the book prior to attending the short-course will receive the maximum benefit from the short-course. Recommended pre-short-course readings will be announced at a later date.
Computer Short Courses
In a fast-moving and innovative technological domain, one has to focus on which emphasis is to be the predominant one - hardware, software, telecommunication and networking, analysis and design, or project management areas. Within these, there will be a finer focus on perhaps the computer architecture or peripheral devices, a programming or scripting language such as C or Javascript, network cards and the network operating system, data and information flows with a suitable database to support such activity, or managing resources for computer-based projects.
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When choosing the short computer course, a candidate would want to have a lot of 'hands-on' exposure, with a view to roll up their sleeves and apply themselves straight after the course. This is where a balancing act has to be performed, as there are also one to six month courses that operate on one day or a couple of evenings per week, where a large amount of theory is also covered. These latter offerings usually lead to the award of a Certificate or Diploma. Two popular guides to short courses in London's adult and further education colleges, private colleges and universities are: Floodlight and On Course, both available at newsagents. Many students from overseas take advantage of such short courses in computing, whilst pursuing their undergraduate, postgraduate, doctoral or even specialist Diploma studies in London. However, student visas for short courses are not issued against single modules, since these are less than fifteen hours per week of class contact.Institutions such as Westminster University offer Summer Schools as part of their regular curriculum. These usually run through June to August, with courses ranging from 3-5 days per week, covering a wide variety of programmes, including English as a Foreign Language.
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