The purpose of these notes is to brießy present some results from dynamic optimization as they apply to standard exogenous growth models. In addition, they also describe some basic techniques that can be used to study the dynamics of these models. The main application is the standard growth model. This basic model is used to study a variety of issues, ranging from population growth, the impact of new technologies on income distribution, and the effects of alternative tax and spending policies.
The notes are designed so that the exercises are an integral part of them (even though no answers are supplied at this time). It is suggested that the reader should try to work through as many of these exercises as possible.
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Autor: Rody Manuelli
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