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Economic Dynamics: Theory and Computation (Hardcover)

John Stachurski

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ISBN 10: 0262012774 / ISBN 13: 9780262012775
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Hardcover. A rigorous and example-driven introduction to topics in economic dynamics, with an emphasis on mathematical and computational techniques for modeling dynamic systems.This text provides an .Shipping may be from multiple locations in the US or from the UK, depending on stock availability. 373 pages. 0.748. Bookseller Inventory # 9780262012775

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Bibliographic Details

Title: Economic Dynamics: Theory and Computation (...

Publication Date: 2009

Binding: Hardcover

Book Condition:New

About this title

Synopsis:

A rigorous and example-driven introduction to topics in economic dynamics, with an emphasis on mathematical and computational techniques for modeling dynamic systems.

This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems. 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. The material makes extensive use of programming examples to illustrate ideas. These programs help bring to life the abstract concepts in the text. Background in computing and analysis is offered for readers without programming experience or upper-level mathematics. Topics covered in detail include nonlinear dynamic systems, finite-state Markov chains, stochastic dynamic programming, stochastic stability and computation of equilibria. 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. Much of the material is new to economics and improves on existing techniques. For graduate students and those already working in the field, Economic Dynamics will serve as an essential resource.

About the Author:

John Stachurski is Professor of Economics at the Australian National University and the author of Economic Dynamics: Theory and Computation (MIT Press).

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