Dynamic Economic Analysis

Deterministic Models in Discrete Time

Häftad, Engelska, 2015

508 kr

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Beskrivning

Focusing on deterministic models in discrete time, this concise yet rigorous textbook provides a clear and systematic introduction to the theory and application of dynamic economic models. It guides students through the most popular model structures and solution concepts, from the simplest dynamic economic models through to complex problems of optimal policy design in dynamic general equilibrium frameworks. Chapters feature theorems and practical hints, and seventy-five worked examples highlight the various methods and results that can be applied in dynamic economic models. Notation and formulation is uniform throughout, so students can easily discern the similarities and differences between various model classes. Chapters include more than sixty exercises for students to self-test their analytical skills, and password-protected solutions are available for instructors on the companion website. Assuming no prior knowledge of dynamic economic analysis or dynamic optimization, this textbook is ideal for advanced students in economics.

Produktinformation

Utgivningsdatum:2015-02-12
Mått:188 x 244 x 15 mm
Vikt:640 g
Format:Häftad
Språk:Engelska
Antal sidor:304
Förlag:Cambridge University Press
ISBN:9781107443792

Utforska kategorier

Mikroekonomi inom Ekonomi och Ledarskap

Mer om författaren

Gerhard Sorger is Professor of Economics at the University of Vienna, Austria where he teaches primarily in the areas of macroeconomics, mathematical economics, and dynamic economic analysis.

Recensioner i media

'This book offers a comprehensive vision of economic dynamics suitable for graduate students and professionals alike. Gerhard Sorger is a leading researcher with a flair for presenting mathematically challenging theories carefully and rigorously. His text emphasizes the interplay between formal theory and applications with detailed developments of a catalogue of economic models and examples drawn from macroeconomics, growth theory and game theory. There is no other single book readily accessible in the economics literature covering the same wide range of deterministic dynamics and optimization theories with detailed illustrations of those theories in action. It is accessible to students engaged in a self-study program for students engaging with dynamical systems for the first time. Better yet, it offers the topics and treatments for a course in dynamics.' Robert A. Becker, Indiana University, Bloomington

Innehållsförteckning

Preface; Part I. Difference Equations: 1. Basic concepts; 2. Linear difference equations; 3. Autonomous difference equations; 4. One-dimensional maps; Part II. Dynamic Optimization: 5. Optimization techniques; 6. Dynamic inconsistency and commitment; 7. Dynamic games; 8. Dynamic competitive equilibrium; References; Index.