Dynamic Economics

Dynamic Economics PDF Author: Jerome Adda
Publisher: MIT Press
ISBN: 0262547880
Category : Business & Economics
Languages : en
Pages : 297

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Book Description
An integrated approach to the empirical application of dynamic optimization programming models, for students and researchers. This book is an effective, concise text for students and researchers that combines the tools of dynamic programming with numerical techniques and simulation-based econometric methods. Doing so, it bridges the traditional gap between theoretical and empirical research and offers an integrated framework for studying applied problems in macroeconomics and microeconomics. In part I the authors first review the formal theory of dynamic optimization; they then present the numerical tools and econometric techniques necessary to evaluate the theoretical models. In language accessible to a reader with a limited background in econometrics, they explain most of the methods used in applied dynamic research today, from the estimation of probability in a coin flip to a complicated nonlinear stochastic structural model. These econometric techniques provide the final link between the dynamic programming problem and data. Part II is devoted to the application of dynamic programming to specific areas of applied economics, including the study of business cycles, consumption, and investment behavior. In each instance the authors present the specific optimization problem as a dynamic programming problem, characterize the optimal policy functions, estimate the parameters, and use models for policy evaluation. The original contribution of Dynamic Economics: Quantitative Methods and Applications lies in the integrated approach to the empirical application of dynamic optimization programming models. This integration shows that empirical applications actually complement the underlying theory of optimization, while dynamic programming problems provide needed structure for estimation and policy evaluation.

Dynamic Economics

Dynamic Economics PDF Author: Jerome Adda
Publisher: MIT Press
ISBN: 0262547880
Category : Business & Economics
Languages : en
Pages : 297

Get Book Here

Book Description
An integrated approach to the empirical application of dynamic optimization programming models, for students and researchers. This book is an effective, concise text for students and researchers that combines the tools of dynamic programming with numerical techniques and simulation-based econometric methods. Doing so, it bridges the traditional gap between theoretical and empirical research and offers an integrated framework for studying applied problems in macroeconomics and microeconomics. In part I the authors first review the formal theory of dynamic optimization; they then present the numerical tools and econometric techniques necessary to evaluate the theoretical models. In language accessible to a reader with a limited background in econometrics, they explain most of the methods used in applied dynamic research today, from the estimation of probability in a coin flip to a complicated nonlinear stochastic structural model. These econometric techniques provide the final link between the dynamic programming problem and data. Part II is devoted to the application of dynamic programming to specific areas of applied economics, including the study of business cycles, consumption, and investment behavior. In each instance the authors present the specific optimization problem as a dynamic programming problem, characterize the optimal policy functions, estimate the parameters, and use models for policy evaluation. The original contribution of Dynamic Economics: Quantitative Methods and Applications lies in the integrated approach to the empirical application of dynamic optimization programming models. This integration shows that empirical applications actually complement the underlying theory of optimization, while dynamic programming problems provide needed structure for estimation and policy evaluation.

Microeconomics using Excel

Microeconomics using Excel PDF Author: Gerald Schwarz
Publisher: Routledge
ISBN: 1134114133
Category : Business & Economics
Languages : en
Pages : 321

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Book Description
Using Microsoft Excel, the market leading spreadsheet package, this book combines theory with modelling aspects and spreadsheet analysis. Microeconomics Using Excel provides students with the tools with which to better understand microeconomic analysis.It focuses on solving microeconomic problems by integrating economic theory, policy analysis and

Sustainability And Resources: Theoretical Issues In Dynamic Economics

Sustainability And Resources: Theoretical Issues In Dynamic Economics PDF Author: Mukul Majumdar
Publisher: World Scientific
ISBN: 9811210225
Category : Business & Economics
Languages : en
Pages : 331

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Book Description
The book, Sustainability and Resources: Theoretical Issues in Dynamic Economics, presents a collection of mathematical models dealing with sustainability and resource management.The focus in Part A is on harvesting renewable resources, while Part B explores the optimal extraction of exhaustible resources. Part C introduces models dealing with uncertainty. Some are descriptive models; others have deep roots in intertemporal welfare economics. The tools of dynamic optimization developed in the 1960s are used in a formal, rigorous presentation to address wide-ranging issues that have appeared in academic research as well as policy debates on the world stage.The book also provides a self-contained treatment that is accessible to advanced undergraduate and graduate students, who are interested in dynamic models of resource allocation and social welfare, resource management, and applications of optimization theory and methods of probability theory to economics. For researchers in dynamic economics, it will be an invaluable source for formal treatment of substantive macroeconomic issues raised by policymakers. The part dealing with uncertainty and random dynamical systems (largely developed by the author and his collaborators) exposes the reader to contemporary frontiers of research on stochastic processes with novel applications to economic problems.

International Handbook on Teaching and Learning Economics

International Handbook on Teaching and Learning Economics PDF Author: Gail Mitchell Hoyt
Publisher: Edward Elgar Publishing
ISBN: 1781002452
Category : Business & Economics
Languages : en
Pages : 895

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Book Description
ÔThe International Handbook on Teaching and Learning Economics is a power packed resource for anyone interested in investing time into the effective improvement of their personal teaching methods, and for those who desire to teach students how to think like an economist. It sets guidelines for the successful integration of economics into a wide variety of traditional and non-traditional settings in college and graduate courses with some attention paid to primary and secondary classrooms. . . The International Handbook on Teaching and Learning Economics is highly recommended for all economics instructors and individuals supporting economic education in courses in and outside of the major. This Handbook provides a multitude of rich resources that make it easy for new and veteran instructors to improve their instruction in ways promising to excite an increasing number of students about learning economics. This Handbook should be on every instructorÕs desk and referenced regularly.Õ Ð Tawni Hunt Ferrarini, The American Economist ÔIn delightfully readable short chapters by leaders in the sub-fields who are also committed teachers, this encyclopedia of how and what in teaching economics covers everything. There is nothing else like it, and it should be required reading for anyone starting a teaching career Ð and for anyone who has been teaching for fewer than 50 years!Õ Ð Daniel S. Hamermesh, University of Texas, Austin, US The International Handbook on Teaching and Learning Economics provides a comprehensive resource for instructors and researchers in economics, both new and experienced. This wide-ranging collection is designed to enhance student learning by helping economic educators learn more about course content, pedagogic techniques, and the scholarship of the teaching enterprise. The internationally renowned contributors present an exhaustive compilation of accessible insights into major research in economic education across a wide range of topic areas including: ¥ Pedagogic practice Ð teaching techniques, technology use, assessment, contextual techniques, and K-12 practices. ¥ Research findings Ð principles courses, measurement, factors influencing student performance, evaluation, and the scholarship of teaching and learning. ¥ Institutional/administrative issues Ð faculty development, the undergraduate and graduate student, and international perspectives. ¥ Teaching enhancement initiatives Ð foundations, organizations, and workshops. Grounded in research, and covering past and present knowledge as well as future challenges, this detailed compendium of economics education will prove an invaluable reference tool for all involved in the teaching of economics: graduate students, new teachers, lecturers, faculty, researchers, chairs, deans and directors.

Trade in Knowledge

Trade in Knowledge PDF Author: Antony Taubman
Publisher: Cambridge University Press
ISBN: 1108809944
Category : Law
Languages : en
Pages : 869

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Book Description
Technological change has transformed the ways knowledge is developed and shared internationally. Accordingly, in the quarter-century since the WTO was established, and since its Agreement on Trade-Related Aspects of Intellectual Property Rights came into force, both the knowledge dimension of trade and the functioning of the IP system have been radically transformed. The need to understand and respond to this change has placed knowledge at the centre of policy debates about economic and social development. Recognizing the need for modern analytical tools to support policymakers and analysts, this publication draws together contributions from a diverse range of scholars and analysts. Together, they offer a fresh understanding of what it means to trade in knowledge in today's technological and commercial environment. The publication offers insights into the prospects for knowledge-based development and ideas for updated systems of governance that promote the creation and sharing of the benefits of knowledge.

A Micro-Level Perspective on the Dynamics of Conflict, Violence, and Development

A Micro-Level Perspective on the Dynamics of Conflict, Violence, and Development PDF Author: Patricia Justino
Publisher: Oxford University Press, USA
ISBN: 0199664595
Category : Business & Economics
Languages : en
Pages : 354

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Book Description
Analyses violent conflict and its impact on local institutional and development processes. It shows how the behaviour of individuals helps us understand the complex dynamic links between conflict, violence and development.

Handbook of Applied Econometrics, Volume II

Handbook of Applied Econometrics, Volume II PDF Author: M. Hashem Pesaran
Publisher: Wiley-Blackwell
ISBN: 9780631216339
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
This Handbook focuses on specific microeconomics applications, rather than on conventional econometric theory. It covers the econometric issues involved in a variety of applied microeconomic problems.

Economic Dynamics in Discrete Time

Economic Dynamics in Discrete Time PDF Author: Jianjun Miao
Publisher: MIT Press
ISBN: 0262325608
Category : Business & Economics
Languages : en
Pages : 737

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Book Description
A unified, comprehensive, and up-to-date introduction to the analytical and numerical tools for solving dynamic economic problems. This book offers a unified, comprehensive, and up-to-date treatment of analytical and numerical tools for solving dynamic economic problems. The focus is on introducing recursive methods—an important part of every economist's set of tools—and readers will learn to apply recursive methods to a variety of dynamic economic problems. The book is notable for its combination of theoretical foundations and numerical methods. Each topic is first described in theoretical terms, with explicit definitions and rigorous proofs; numerical methods and computer codes to implement these methods follow. Drawing on the latest research, the book covers such cutting-edge topics as asset price bubbles, recursive utility, robust control, policy analysis in dynamic New Keynesian models with the zero lower bound on interest rates, and Bayesian estimation of dynamic stochastic general equilibrium (DSGE) models. The book first introduces the theory of dynamical systems and numerical methods for solving dynamical systems, and then discusses the theory and applications of dynamic optimization. The book goes on to treat equilibrium analysis, covering a variety of core macroeconomic models, and such additional topics as recursive utility (increasingly used in finance and macroeconomics), dynamic games, and recursive contracts. The book introduces Dynare, a widely used software platform for handling a range of economic models; readers will learn to use Dynare for numerically solving DSGE models and performing Bayesian estimation of DSGE models. Mathematical appendixes present all the necessary mathematical concepts and results. Matlab codes used to solve examples are indexed and downloadable from the book's website. A solutions manual for students is available for sale from the MIT Press; a downloadable instructor's manual is available to qualified instructors.

General Technical Report NC.

General Technical Report NC. PDF Author:
Publisher:
ISBN:
Category : Forests and forestry
Languages : en
Pages : 480

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Book Description


Seventh Symposium on Systems Analysis in Forest Resources

Seventh Symposium on Systems Analysis in Forest Resources PDF Author:
Publisher:
ISBN:
Category : Forest management
Languages : en
Pages : 522

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Book Description