608.910 (18S) Optimal Control and Dynamic Games II

Sommersemester 2018

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Erster Termin der LV
06.03.2018 15:00 - 16:00 , B02.2.05
... keine weiteren Termine bekannt


LV-Titel englisch
Optimal Control and Dynamic Games II
Kurs (prüfungsimmanente LV )
1 (20 max.)
zum Moodle-Kurs



Note on the participation in the discussions: Questions for a better understanding of the presentations, the text or the exercises can be asked anytime. Only successful and positive contributions to the discussion will be assessed. Never hesitate asking anything if you feel it to be necessary!!


Introduction to optimal control and dynamic game theory and their applications to problems of economics and management science.


1. Dynamic Optimization: the Control Problem; Dynamic Programming; Pontryagin’s Maximum Principle.

2.  Static Noncooperative Game Theory.

3.  Dynamic Game Theory.

4.  Evolutionary Game Theory.

5.  Applications in Economics and Management Science.

Depending on the participants’ prior knowledge and interests, the topics and schedule may be adapted to their needs.

Erwartete Vorkenntnisse

Target group: Master and PhD students in economics and business administration. The course is part of the curriculum of the doctoral program MSOBE. Minimum attendance: 5.

Prerequisites: Working knowledge of the English language; basic knowledge of economics; basics of calculus and linear algebra; some knowledge of game theory; basics of optimal control as presented in: M.D. Intriligator, Mathematical Optimization andEconomic Theory. SIAM Classics in Applied Mathematics, Philadelphia, PA 2002,Parts IV and V (chapters 11–16). Some knowledge of intermediate economics and/or quantitative management IS desirable.


T. Basar, G.J. Olsder, Dynamic Noncooperative Game Theory, 2nd ed. SIAM, New York 1999.

M.L. Petit, Control Theory and Dynamic Games in Economic Policy Analysis. Cambridge University Press, Cambridge, UK 1990.

J.W. Weibull, Evolutionary Game Theory. MIT Press, Cambridge, MA 1997.

G. Feichtinger, R.F. Hartl, Optimale Kontrolle ökonomischer Prozesse: Anwendungen des Maximumprinzips in den Wirtschaftswissenschaften. De Gruyter, Berlin 1986.

A.J. Preston, A.R. Pagan, The Theory of Economic Policy, Cambridge University Press, Cambridge 1982.

N. Acocella, G. Di Bartolomeo, A. Hughes Hallett, The Theory of Economic Policy in a Strategic Context, Cambridge University Press, Cambridge 2013.



Prerequisites for a positive assessment:

Written seminar paper on an individual topic (80 % each). 

Execution of some exercises (10 %).

Positive assessment of the participation in the discussions (10 %).

Regular attendance.

Note on the seminar paper: The topic of the paper will be given individually to each student by the lecturer after having discussed the aims of the Master/PhD student (his/her previous work and/or intended dissertation fields). There will be ample time to deliver the paper after the end of the course. It shall show the student’s ability to apply the techniques taught in the course to a problem close to his/her interests and prepare him/her for successful work on his Master/PhD thesis. The paper can be written in either English or German.


Note/Grade Benotungsschema

Position im Curriculum

  • Masterstudium Angewandte Betriebswirtschaft (SKZ: 918, Version: 12W.4)
    • Fach: Freie Wahlfächer (Freifach)
      • Freie Wahlfächer ( 0.0h XX / 6.0 ECTS)
        • 608.910 Optimal Control and Dynamic Games II (2.0h KS / 4.0 ECTS)
  • Doktoratsstudium Doktoratsstudium der Sozial- und Wirtschaftswissenschaften (SKZ: 300, Version: 12W.4)
    • Fach: Studienleistungen gem. § 3 Abs. 2a des Curriculums (Pflichtfach)
      • Studienleistungen gem. § 3 Abs. 2a des Curriculums ( 40.0h XX / 80.0 ECTS)
        • 608.910 Optimal Control and Dynamic Games II (2.0h KS / 4.0 ECTS)
  • Doktoratsstudium Doktoratsstudium der Sozial- und Wirtschaftswissenschaften (SKZ: 784, Version: 09W.2)
    • Fach: Spezielle Lehrveranstaltungen (Pflichtfach)
      • Spezielle Lehrveranstaltungen ( 6.0h LV / 0.0 ECTS)
        • 608.910 Optimal Control and Dynamic Games II (2.0h KS / 4.0 ECTS)

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