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More About This Textbook
Overview
This is an examples-driven treatment of introductory economic dynamics for students with a basic familiarity of spreadsheets. Shone approaches the subject with the belief that true understanding of a subject can only be achieved by students themselves setting out a problem and manipulating it experimentally. Although all economics students now have access to spreadsheets, they are often used for little more than graphing economic data. This book encourages students to go several stages further and set up and investigate simple dynamic models. A web-site for students and instructors is included that contains an additional 100 questions for students and 100 for instructors.
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Table of Contents
Preface; 1. Introduction; 2. Demand and supply dynamics; 3. Simple Keynesian dynamics; 4. Constructing trajectories in the phase plane; 5. IS-LM dynamics; 6. Inflation-unemployment dynamics; 7. Dynamics of the firm; 8. Saddles and rational expectations; 9. Fiscal dynamics and the Maastricht Treaty; 10. A little bit of chaos; Brief answers to selected exercises; Further reading.