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Computational Economics
     

Computational Economics

by David A. Kendrick
 

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The ability to conceptualize an economic problem verbally, to formulate it as a mathematical model, and then represent the mathematics in software so that the model can be solved on a computer is a crucial skill for economists. Computational Economics contains well-known models--and some brand-new ones--designed to help students move from verbal to

Overview

The ability to conceptualize an economic problem verbally, to formulate it as a mathematical model, and then represent the mathematics in software so that the model can be solved on a computer is a crucial skill for economists. Computational Economics contains well-known models--and some brand-new ones--designed to help students move from verbal to mathematical to computational representations in economic modeling. The authors' focus, however, is not just on solving the models, but also on developing the ability to modify them to reflect one's interest and point of view. The result is a book that enables students to be creative in developing models that are relevant to the economic problems of their times.

Unlike other computational economics textbooks, this book is organized around economic topics, among them macroeconomics, microeconomics, and finance. The authors employ various software systems--including MATLAB, Mathematica, GAMS, the nonlinear programming solver in Excel, and the database systems in Access--to enable students to use the most advantageous system. The book progresses from relatively simple models to more complex ones, and includes appendices on the ins and outs of running each program.

The book is intended for use by advanced undergraduates and professional economists and even, as a first exposure to computational economics, by graduate students.

  • Organized by economic topics
  • Progresses from simple to more complex models
  • Includes instructions on numerous software systems
  • Encourages customization and creativity

Editorial Reviews

Journal of Artificial Societies and Social Simulation - Pietro Terna
Important and useful. . . . [T]his book represents an excellent way to learn computational economics, doing it.
From the Publisher
"Important and useful. . . . [T]his book represents an excellent way to learn computational economics, doing it."—Pietro Terna, Journal of Artificial Societies and Social Simulation
Journal of Artificial Societies and Social Simulation
Important and useful. . . . [T]his book represents an excellent way to learn computational economics, doing it.
— Pietro Terna

Product Details

ISBN-13:
9781400841349
Publisher:
Princeton University Press
Publication date:
10/23/2011
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
456
File size:
9 MB

What People are Saying About This

Manne
Computational Economics is a pioneering textbook by the world leaders in the field.
Alan S. Manne, Stanford University
Manfred Gilli
The book succeeds perfectly at enhancing the creativity and productivity of students in economics and related fields by clearly circumventing the traditional approach. The problems presented will attract the students' attention and provide motivation for further work.
Manfred Gilli, University of Geneva, Switzerland

Meet the Author

David A. Kendrick is the Yarborough Centennial Professor of Liberal Arts at the University of Texas at Austin. P. Ruben Mercado is Visiting Professor at the University of Texas at Austin. Hans M. Amman is Professor of Computational Economics and Finance at the Technical University of Eindhoven in the Netherlands.

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