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Courses - Fall 2023
AREC
Agricultural and Resource Economics Department Site
AREC620
Optimization in Agricultural and Resource Economics
Credits: 3
Grad Meth: Reg, Aud
Prerequisite: Must have completed Multivariate calculus and matrix or linear algebra.
Mathematical theory of static and dynamic optimization as applied to the economics of agriculture, natural resources and the environment. Topics include necessary and sufficient conditions for constrained optimization, convexity and concavity, duality and the envelope theorem, comparative statics, fixed point theorems, optimal control theory and dynamic programming.