Applied Computational Economics & Finance - Hardcover

Miranda, Marie J

Hardcover

ISBN 10: 0262134209 ISBN 13: 9780262134200

Publisher: MIT Press, 2002

Synopsis

This book presents a variety of computational methods used to solve dynamic problemsin economics and finance. It emphasizes practical numerical methods rather than mathematical proofsand focuses on techniques that apply directly to economic analyses. The examples are drawn from awide range of subspecialties of economics and finance, with particular emphasis on problems inagricultural and resource economics, macroeconomics, and finance. The book also provides anextensive Web-site library of computer utilities and demonstration programs.The book is divided intotwo parts. The first part develops basic numerical methods, including linear and nonlinear equationmethods, complementarity methods, finite-dimensional optimization, numerical integration anddifferentiation, and function approximation. The second part presents methods for solving dynamicstochastic models in economics and finance, including dynamic programming, rational expectations,and arbitrage pricing models in discrete and continuous time. The book uses MATLAB to illustrate thealgorithms and includes a utilities toolbox to help readers develop their own computationaleconomics applications.

About this title

About the Authors

Mario J. Miranda is Professor and Chair of Graduate Studies, Department of Agricultural, Environmental, and Development Economics, Ohio State University.

Paul L. Fackler is Associate Professor, Department of Agricultural and Resource Economics, North Carolina State University.

Edition details

• Publisher: MIT Press
• Publication date: 2002
• Language: English
• ISBN 10: 0262134209
• ISBN 13: 9780262134200
• Binding: Hardcover
• Number of pages: 512