Applied Computational Economics and Finance

Mario J. Miranda, Paul L. Fackler

510 pages, parution le 04/10/2004

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Résumé

This book presents a variety of computational methods used to solve dynamic problems in economics and finance. It emphasizes practical numerical methods rather than mathematical proofs and focuses on techniques that apply directly to economic analyses. The examples are drawn from a wide range of subspecialties of economics and finance, with particular emphasis on problems in agricultural and resource economics, macroeconomics, and finance. The book also provides an extensive Web-site library of computer utilities and demonstration programs.

The book is divided into two parts. The first part develops basic numerical methods, including linear and nonlinear equation methods, complementarity methods, finite-dimensional optimization, numerical integration and differentiation, and function approximation. The second part presents methods for solving dynamic stochastic models in economics and finance, including dynamic programming, rational expectations, and arbitrage pricing models in discrete and continuous time. The book uses MATLAB to illustrate the algorithms and includes a utilities toolbox to help readers develop their own computational economics applications.

L'auteur - Mario J. Miranda

Mario J. Miranda is Professor and Chair of Graduate Studies, Department of Agricultural, Environmental, and Development Economics, Ohio State University.

L'auteur - Paul L. Fackler

Paul L. Fackler is Associate Professor, Department of Agricultural and Resource Economics, North Carolina State University.

Sommaire

Introduction
Linear Equations and Computer Basics
Nonlinear Equations and Complementarity Problems
Finite-Dimensional Optimization
Numerical Integration and Differentiation
Function Approximation
Discrete Time, Discrete State Dynamic Models
Discrete Time, Continuous State Dynamic Models: Theory and Examples
Discrete Time, Continuous State Dynamic Models: Methods
Continuous Time Models: Theory and Examples
Continuous Time Models: Solution Methods

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Caractéristiques techniques

	PAPIER
Éditeur(s)	The MIT Press
Auteur(s)	Mario J. Miranda, Paul L. Fackler
Parution	04/10/2004
Nb. de pages	510
Format	17 x 22
Couverture	Broché
Poids	423g
Intérieur	Noir et Blanc
EAN13	9780262633093
ISBN13	978-0-262-63309-3