provides surveys of significant results of the theory of optimal growth, as well as the techniques of dynamic optimization … theory on which they are based. Armed with the results and methods of this theory, a researcher will be in an advantageous …"The problem of efficient or optimal allocation of resources is a fundamental concern of economic analysis. The theory …

same easy-to-follow format. Following an introduction, a description of theory is presented along with key formulae. Next …, the discussed theory is applied to a real data set and accompanied with illustrative descriptions. Exercises and real …