Economic Dynamics: Theory and Computation (MIT Press)
| Author | : | |
| Rating | : | 4.20 (591 Votes) |
| Asin | : | 0262012774 |
| Format Type | : | paperback |
| Number of Pages | : | 392 Pages |
| Publish Date | : | 2013-09-22 |
| Language | : | English |
DESCRIPTION:
"A great way to get tooled up to consume and then produce research in Economic Dynamics" according to Azev77. This book is a great way for an aspiring economist (early graduate student) to get tooled up to consume (and eventually produce) research in economic dynamics. He begins the book with a fundamental intertemporal optimization problem that is easy to understand, but cannot be solved with most techniques that one learns as an undergraduate (Calculus, Lagrangian optimization). Th. MSL said Simple and has no mistakes. It's very rare to find a math-intensive economics book with no mistakes in the first edition, but John Stachurski has done it.The first half of the book is something every graduate student in economics should know, but not what is typically called "Economic Dynamics." The second half of the book describes "Economic Dynamics" but requires a few *tricks* from outside of the boo
John Stachurski is Professor of Economics at the Australian National University and the author of Economic Dynamics: Theory and Computation (MIT Press).
Written to be both rigorous and engaging, the book shows how sound understanding of the underlying theory leads to effective algorithms for solving real world problems. For graduate students and those already working in the field, Economic Dynamics will serve as an essential resource.. Much of the material is new to economics and improves on existing techniques. The models are predominantly nonlinear, and the emphasis is on studying nonlinear systems in their original form, rather than by means of rudimentary approximation methods such as linearization. This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems
It is easy to read -- conversational in tone -- and yet it does not shy away from difficult material. (Costas Azariadis, Mallinckrodt University Professor and Director, Center for Dynamic Economics, Washington University, St. John Stachurski's book helps fill this void. The emphasis on economic illustrations and computational codes makes this volume a rich source of tools for students, instructors, and practitioners of economic dynamics. (Roger Farmer, Department of Economics, UCLA)An invaluable monograph on stochastic dynamical systems that's ideally suited as a