optimisation methods play a crucial role in economic theory. Covering the use of such methods in applied and policy contexts, this …

-short and other portfolio constraints -- 3.3 Multiperiod portfolio management -- 3.3.1 The Samuelson-Merton theory -- 3 …8.7 Exercises -- A: Martingale Theory -- A.1 Discrete-time martingales -- A.2 Continuous-time martingales -- B: Markov … Chain and Related Topics -- B.1 Generator Q of CTMC -- B.2 Potential theory for Markov chains -- B.3 Markov decision theory …