Management Science

Optimal Control

Discrete-time optimal control: dynamic programming for finite/infinite horizon and deterministic/stochastic optimization problems. LQ and LQG problems, Riccati equations, Kalman filter. Deterministic continuous-time optimal control: the Hamilton-Jacobi-Bellman equation and the Pontryagin?s principle. Examples of optimal control problems in economics.

Microeconomics I

The course covers classical decision theory and partial equilibrium analysis. It aims to provide a smooth transition from undergraduate- to graduate-level Microeconomics, and to build a solid foundation for future study and research.

Management and Corporate Finance

Applications of quantitative techniques to managerial decisions (data-driven decision making). Topics include applications of data mining, machine learning, statistical models, predictive analytics, econometrics, optimization, risk analysis, decision theory, data visualization and business communication in finance, marketing, operations, R&D, business intelligence and other business areas generating and consuming large amounts of data.

Macroeconomics II

Dynamic stochastic general equilibrium models. The Real Business Cycle Theory. International real business Cycles. The New Keynesian Economics. Monetary policy.


Search models. Equilibrium search and matching. Two-sided search model. Efficiency wages. Implicit contacts. Insider-outsider models. Traditional Keynesian Theories of Fluctuations. The Lucas Imperfect-Information Model and The Lucas Critique. The New Keynesian Economics. Consumption. Investment.

International Economics and Business

This course, as its name suggests, is comprised of two main sections, the first being international economics and the second being international business. In the first section, we focus our attention on the real (as opposed to monetary) side of international economics, i.e., international trade of goods and services. We start from the two neoclassical trade models (Ricardo and Heckscher-Ohlin) that were developed in the early parts of the 19th and 20th centuries. We then move to the more recent ?new?