Explores Stochastic Optimal Control, emphasizing Optimal Consumption and Investment, the Martingale Representation Theorem, and the Verification Theorem.
Explores the historical phases of globalisation, from consumption to production, leading to the unbundling of production and consumption, and the subsequent impact on emerging markets and global trade.
Explores free and constrained labor migration, focusing on the distribution of international migrants and addressing questions from the previous lecture.
