Mathematical Methods in Dynamic Economics
Publisher: Palgrave Macmillan
Published: August 19, 2000
Language: eng
Format: Hardcover
Number of pages: 329
ISBN-13: 9780312229405
Subjects: Mathematical Economics; Business & Economics; Business / Economics / Finance; Business/Economics; Econometrics; Economics - General; Business & Economics / Econometrics; Economics, Mathematical; Mathematical models; Statics and dynamics (Social s; Statics and dynamics (Social sciences)
Description: "This book contains a concise description of important mathematical methods of dynamics and suitable economic models. It covers discrete as well as continuous-time systems, linear and nonlinear models. The book goes beyond the elementary parts of the field by including the treatment of the theory of chaos and dynamic optimization. The book often contains sketches rather than full proofs of difficult topics."

"Mixing traditional and modern materials, the study covers dynamics with and without optimization. The author compares naive and rational expectations and demonstrates the strengths and weaknesses of both approaches. In addition to standard models of growth and cycle, the book also contains original studies on control of multisector economy and expectations-driven multicohort economy. The study contains numerous examples, problems (with solutions) and figures."--Jacket.