Prof. N. M. Kiefer

Spring (?) 2012

Econ 719: Topics in Econometrics

Course website: http://instruct1.cit.cornell.edu/courses/econ719/

The topic this year will be identification and estimation of dynamic programming models. We will begin by covering modeling with dynamic programming. We will go through the first 6 chapters of Economic Modeling and Inference (Christensen and Kiefer, Princeton University Press, 2009) and selected other chapters according to student interest. We will also read related papers. Classes will consist of detailed presentation and discussion – we will take turns leading the discussions. Additional readings will be posted on the course website and will be updated through the term. Meetings Tuesday 2-4. All meetings in 488 Uris.

Supplemental Readings:

The Foundations of Decision Under Uncertainty: An Elementary Exposition
John W. Pratt; Howard Raiffa; Robert Schlaifer
Journal of the American Statistical Association, Vol. 59, No. 306. (Jun., 1964), pp. 353-375.

This paper complements the first chapter of EMI and should be read soon. Allocate some time. The paper is old but deep. It is not a quick read.