Items related to Economic Dynamics: Phase Diagrams and their Economic...
Synopsis
This book provides a thorough introduction to dynamics, and to phase diagrams and their economic application. From the mathematical point of view it covers both quantitative and qualitative dynamic systems; continuous and discrete dynamics; linear and non-linear systems and single equations and systems of equations. It illustrates dynamic systems using Mathematica, Maple V and spreadsheets employing numerous numerical examples. It provides an introduction to phase diagrams and their use in both microeconomics and macroeconomics, explaining the nature of saddle path solutions. Besides standard topics in both microeconomics and macroeconomics, there is an extended treatment of open economy macroeconomics, including overshooting. It also provides an introduction to optimal control theory and chaos theory. Copious exercises are provided along with solutions at the end of each chapter. Online solutions package and instructor's manual available at www.cup.cam.ac.uk/0521479738.
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Review
"This book is written primarily for undergraduates in economics who have a good grasp of mathematics and computing. What makes this book distinctive and interesting is the second part, which applies the theory and computation to demand and supply models, closed economy dynamics, inflation and unemployment, sticky and flexible price models, population growth, fisheries, taxation and debt...the chapters are well chosen and the book is an excellent read. It is long, but can be dipped into effectively." J. Slater, Computing Reviews
Book Description
This book provides a thorough introduction to dynamics, and to phase diagrams and their economic application. It illustrates dynamic systems using Mathematica, Maple V and spreadsheets employing numerous numerical examples. It also provides an introduction to the use of phase diagrams in both microeconomics and macroeconomics.
"About this title" may belong to another edition of this title.
- PublisherCambridge University Press
- Publication date1997
- ISBN 10 0521474469
- ISBN 13 9780521474467
- BindingHardcover
- Number of pages567
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