Microeconomics: A Computational Approach

Microeconomics: A Computational Approach PDF Author: Gerald E. Thompson
Publisher: Routledge
ISBN: 1315499878
Category : Business & Economics
Languages : en
Pages : 160

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Book Description
This concise and comprehensive introduction to economics offers readers at all levels a more realistic approach to understanding the elements of resource and product markets, including the role of business decisions; technological change; product differentiation; uncertainty; and the optimal location of activities. With the book's easy-to-use software package for computations, even non-economists will become strongly motivated and can gain a proficiency in economic analysis as well as in practical and professional decision-making skills. End-of-chapter problems, computer exercises, programming examples, and numerous diagrams further enhance the book's usefulness.

Microeconomics: A Computational Approach

Microeconomics: A Computational Approach PDF Author: Gerald E. Thompson
Publisher: Routledge
ISBN: 1315499878
Category : Business & Economics
Languages : en
Pages : 160

Get Book Here

Book Description
This concise and comprehensive introduction to economics offers readers at all levels a more realistic approach to understanding the elements of resource and product markets, including the role of business decisions; technological change; product differentiation; uncertainty; and the optimal location of activities. With the book's easy-to-use software package for computations, even non-economists will become strongly motivated and can gain a proficiency in economic analysis as well as in practical and professional decision-making skills. End-of-chapter problems, computer exercises, programming examples, and numerous diagrams further enhance the book's usefulness.

Microeconomics: A Computational Approach

Microeconomics: A Computational Approach PDF Author: Gerald E. Thompson
Publisher: Routledge
ISBN: 1315499886
Category : Business & Economics
Languages : en
Pages : 176

Get Book Here

Book Description
This concise and comprehensive introduction to economics offers readers at all levels a more realistic approach to understanding the elements of resource and product markets, including the role of business decisions; technological change; product differentiation; uncertainty; and the optimal location of activities. With the book's easy-to-use software package for computations, even non-economists will become strongly motivated and can gain a proficiency in economic analysis as well as in practical and professional decision-making skills. End-of-chapter problems, computer exercises, programming examples, and numerous diagrams further enhance the book's usefulness.

Computational Economics

Computational Economics PDF Author: David A. Kendrick
Publisher: Princeton University Press
ISBN: 1400841348
Category : Business & Economics
Languages : en
Pages : 449

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Book Description
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

Computational Economics

Computational Economics PDF Author: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
What is Computational Economics Computer science, economics, and management science are all branches of study that are included in the field of computational economics, which is an interdisciplinary research field. This topic includes the modeling of economic processes through the use of computer methods. There are some of these fields that are not found anywhere else, while others have established themselves as areas of economics by enabling robust data analytics and solutions to problems that would be difficult to investigate without the use of computers and the numerical methods that are connected with them. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Computational economics Chapter 2: Econometrics Chapter 3: Experimental economics Chapter 4: Representative agent Chapter 5: Macroeconomic model Chapter 6: Formal epistemology Chapter 7: Evolutionary economics Chapter 8: Economics education Chapter 9: Agent-based computational economics Chapter 10: Dynamic stochastic general equilibrium Chapter 11: Microfoundations Chapter 12: Adaptive Modeler Chapter 13: Mathematical economics Chapter 14: Methodology of econometrics Chapter 15: ACEGES Chapter 16: Anil K. Bera Chapter 17: Heterogeneity in economics Chapter 18: Criticisms of econometrics Chapter 19: Causal inference Chapter 20: Michael Keane (economist) Chapter 21: John Rust (II) Answering the public top questions about computational economics. (III) Real world examples for the usage of computational economics in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of computational economics. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of computational economics.

Handbook of Computational Economics

Handbook of Computational Economics PDF Author: Karl Schmedders
Publisher: Newnes
ISBN: 0080931782
Category : Business & Economics
Languages : en
Pages : 680

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Book Description
Handbook of Computational Economics summarizes recent advances in economic thought, revealing some of the potential offered by modern computational methods. With computational power increasing in hardware and algorithms, many economists are closing the gap between economic practice and the frontiers of computational mathematics. In their efforts to accelerate the incorporation of computational power into mainstream research, contributors to this volume update the improvements in algorithms that have sharpened econometric tools, solution methods for dynamic optimization and equilibrium models, and applications to public finance, macroeconomics, and auctions. They also cover the switch to massive parallelism in the creation of more powerful computers, with advances in the development of high-power and high-throughput computing. Much more can be done to expand the value of computational modeling in economics. In conjunction with volume one (1996) and volume two (2006), this volume offers a remarkable picture of the recent development of economics as a science as well as an exciting preview of its future potential. Samples different styles and approaches, reflecting the breadth of computational economics as practiced today Focuses on problems with few well-developed solutions in the literature of other disciplines Emphasizes the potential for increasing the value of computational modeling in economics

Handbook of Computational Economics

Handbook of Computational Economics PDF Author: Karl Schmedders
Publisher: North-Holland
ISBN: 9780444529800
Category : Business & Economics
Languages : en
Pages : 662

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Book Description
Handbook of Computational Economics summarizes recent advances in economic thought, revealing some of the potential offered by modern computational methods. With computational power increasing in hardware and algorithms, many economists are closing the gap between economic practice and the frontiers of computational mathematics. In their efforts to accelerate the incorporation of computational power into mainstream research, contributors to this volume update the improvements in algorithms that have sharpened econometric tools, solution methods for dynamic optimization and equilibrium models, and applications to public finance, macroeconomics, and auctions. They also cover the switch to massive parallelism in the creation of more powerful computers, with advances in the development of high-power and high-throughput computing. Much more can be done to expand the value of computational modeling in economics. In conjunction with volume one (1996) and volume two (2006), this volume offers a remarkable picture of the recent development of economics as a science as well as an exciting preview of its future potential. Samples different styles and approaches, reflecting the breadth of computational economics as practiced today Focuses on problems with few well-developed solutions in the literature of other disciplines Emphasizes the potential for increasing the value of computational modeling in economics

Computational Economics: Heterogeneous Agent Modeling

Computational Economics: Heterogeneous Agent Modeling PDF Author: Cars Hommes
Publisher: North Holland
ISBN: 9780444641311
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
Handbook of Computational Economics: Heterogeneous Agent Modeling, Volume Four, focuses on heterogeneous agent models, emphasizing recent advances in macroeconomics (including DSGE), finance, empirical validation and experiments, networks and related applications. Capturing the advances made since the publication of Volume Two (Tesfatsion & Judd, 2006), it provides high-level literature with sections devoted to Macroeconomics, Finance, Empirical Validation and Experiments, Networks, and other applications, including Innovation Diffusion in Heterogeneous Populations, Market Design and Electricity Markets, and a final section on Perspectives on Heterogeneity.

Computational Economics

Computational Economics PDF Author: Oscar Afonso
Publisher: Routledge
ISBN: 1317508653
Category : Business & Economics
Languages : en
Pages : 325

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Book Description
Computational Economics: A concise introduction is a comprehensive textbook designed to help students move from the traditional and comparative static analysis of economic models, to a modern and dynamic computational study. The ability to equate an economic problem, to formulate it into a mathematical model and to solve it computationally is becoming a crucial and distinctive competence for most economists. This vital textbook is organized around static and dynamic models, covering both macro and microeconomic topics, exploring the numerical techniques required to solve those models. A key aim of the book is to enable students to develop the ability to modify the models themselves so that, using the MATLAB/Octave codes provided on the book and on the website, students can demonstrate a complete understanding of computational methods. This textbook is innovative, easy to read and highly focused, providing students of economics with the skills needed to understand the essentials of using numerical methods to solve economic problems. It also provides more technical readers with an easy way to cope with economics through modelling and simulation. Later in the book, more elaborate economic models and advanced numerical methods are introduced which will prove valuable to those in more advanced study. This book is ideal for all students of economics, mathematics, computer science and engineering taking classes on Computational or Numerical Economics.

Microeconomic Theory and Computation

Microeconomic Theory and Computation PDF Author: Michael R. Hammock
Publisher: Springer Science & Business Media
ISBN: 1461494176
Category : Business & Economics
Languages : en
Pages : 394

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Book Description
Economists can use computer algebra systems to manipulate symbolic models, derive numerical computations, and analyze empirical relationships among variables. Maxima is an open-source multi-platform computer algebra system that rivals proprietary software. Maxima’s symbolic and computational capabilities enable economists and financial analysts to develop a deeper understanding of models by allowing them to explore the implications of differences in parameter values, providing numerical solutions to problems that would be otherwise intractable, and by providing graphical representations that can guide analysis. This book provides a step-by-step tutorial for using this program to examine the economic relationships that form the core of microeconomics in a way that complements traditional modeling techniques. Readers learn how to phrase the relevant analysis and how symbolic expressions, numerical computations, and graphical representations can be used to learn from microeconomic models. In particular, comparative statics analysis is facilitated. Little has been published on Maxima and its applications in economics and finance, and this volume will appeal to advanced undergraduates, graduate-level students studying microeconomics, academic researchers in economics and finance, economists, and financial analysts.

Industry and Labor Dynamics

Industry and Labor Dynamics PDF Author: Roberto Leombruni
Publisher: World Scientific
ISBN: 9812561005
Category : Business & Economics
Languages : en
Pages : 431

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Book Description
This book presents the contributions to the first Wild@Ace conference. The acronym stands for ?Workshop on Industrial and Labor Dynamics ? The Agent-Based Computational Aproach?, and it has been the first event ever focusing on the very promising use of the agent-based simulation approach for investigation of labor economics and industrial organization issues.Agent-based models are computer models in which a multitude of agents ? each embodied in a specific software code ? interact. These agents can represent individuals households, firms, institutions, etc. Moreover, ?special? agents can be added to observe and monitor individual and collective behavior. One of the main purpose of writing an ACE model is to gain intuitions on the two-way feedback between the microstructure and the macrostructure of a phenomenon of interest. How is it that simple aggregate regularities may arise from individual disorder? Or that a nice structure at an individual level may lead to a complete absence of regularity in the aggregate? How is it that the complex interaction of very simple individuals may lead to surprisingly complicated aggregate dynamics? Or that sophisticated agents may be unable to organize themselves in any interesting way?The book includes contributions by some of the most distinguished researchers in the field, such as the economists Alan Kirman, Giovanni Dosi, Leigh Tesfatsion and Mauro Gallegati, and the sociologist Nigel Gilbert.