Numerical Methods in Economics (The MIT Press).

Judd, Kenneth L.:

ISBN 10: 0262100711 / ISBN 13: 9780262100717

Published by Cambridge / Mass. / London, The MIT Press., 1998

About this Item

633 p., with figures, As library copy in very good condition. Sprache: Englisch Gewicht in Gramm: 1195.

Seller Inventory # 895676

Bibliographic Details

• Title: Numerical Methods in Economics (The MIT Press).
• Publisher: Cambridge / Mass. / London, The MIT Press.
• Publication Date: 1998
• Language: English
• ISBN 10: 0262100711
• ISBN 13: 9780262100717
• Binding: Hardcover. Paperback.
• Condition: Gut
• Weight: 1195 grams
• Seller catalogs:
  • Mathematik

About this title

Synopsis

"Judd's book is a masterpiece which will help transform the way economic theory is done. It harnesses the computer revolution in the service of economic theory by collecting together a whole array of numerical methods to simulate and quantify models that used to be purely algebraic and qualitative." -- Avinash K. Dixit, Sherrerd University Professor of Economics, Princeton University

To harness the full power of computer technology, economists need to use a broad range of mathematical techniques. In this book, Kenneth Judd presents techniques from the numerical analysis and applied mathematics literatures and shows how to use them in economic analyses.

The book is divided into five parts. Part I provides a general introduction. Part II presents basics from numerical analysis on Rn, including linear equations, iterative methods, optimization, nonlinear equations, approximation methods, numerical integration and differentiation, and Monte Carlo methods. Part III covers methods for dynamic problems, including finite difference methods, projection methods, and numerical dynamic programming. Part IV covers perturbation and asymptotic solution methods. Finally, Part V covers applications to dynamic equilibrium analysis, including solution methods for perfect foresight models and rational expectation models. A web site contains supplementary material including programs and answers to exercises.

About the Author

Kenneth L. Judd is a Senior Fellow at the Hoover Institution.