AREC 620
Optimization in Agricultural and Resource Economics
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.
Topics
- 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
Topics explicitly listed in official catalogue description
Prerequisites & course information
Additional Information: Must have completed Multivariate calculus and matrix or linear algebra.
Sources
- Course catalogue ↗2026-2027