ECON5150 – Mathematics 4: Dynamic optimization

Schedule, syllabus and examination date

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Course content

Dynamic optimization, both deterministic and stochastic.

Learning outcome

  • To know a certain number of solution techniques within the fields mentioned above.
  • To be able to apply these techniques in solving concrete problems.
  • To understand, at least at an intuitive level, why these techniques work.


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If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures.


Formal prerequisite knowledge

Bachelor's degree in Economics, or equivalent.

Recommended previous knowledge

ECON4140 – Mathematics 3: Differential Equations, Static and Dynamic Optimization / ECON4145. A working knowledge of elementary calculus, including integration, the elementary theory of differential equations, and the rudiments of probability theory.


Lectures: 2 hours per week throughout the semester.

Seminars: 2 hours per week through parts of the semester.


A 3-hour written school exam.

Examination support material

Resources allowed: Open book examination where all printed and written resources, in addition to calculator, are allowed.

Language of examination

The problem set will be given in English. Answers can be given in Norwegian, Swedish, Danish or in English. See § 5.4 in Regulations governing studies and examinations at the University of Oslo.

Grading scale

Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.

Explanations and appeals

Resit an examination

The Department of Economics has passed following resolution for ECON-courses: It will no longer be possible for candidates to register for an exam in a lower level course after having passed exams in intermediate and advanced level courses in the same subject area (also where there are no pre-requisites that apply to the intermediate course). Further information can be found here.

Students who might wish to retake the exam later, are not guaranteed that the course is ever repeated with a similar reading list, nor that the exam arrangement will be the same.

Withdrawal from an examination

It is possible to take the exam up to 3 times. If you withdraw from the exam after the deadline or during the exam, this will be counted as an examination attempt.

Special examination arrangements

Application form, deadline and requirements for special examination arrangements.


This is an advanced course on ph.d level, but still open for master students.

Facts about this course






Autumn 2009

Autumn 2008

Autumn 2007


Autumn 2009

Autumn 2008

Autumn 2007

Teaching language