Numerical Methods in Economics

Kenneth L. Judd

$250

Paperback

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English

MIT Press
04 April 2023

Economic theory & philosophy; Econometrics

Summary
Details

To harness the full power of computer technology, economists need to use a broad range of mathematical techniques. In this book, Kenneth Judd presents techniques from the numerical analysis and applied mathematics literatures and shows how to use them in economic analyses. The book is divided into five parts. Part I provides a general introduction. Part II presents basics from numerical analysis on R^n, including linear equations, iterative methods, optimization, nonlinear equations, approximation methods, numerical integration and differentiation, and Monte Carlo methods. Part III covers methods for dynamic problems, including finite difference methods, projection methods, and numerical dynamic programming. Part IV covers perturbation and asymptotic solution methods. Finally, Part V covers applications to dynamic equilibrium analysis, including solution methods for perfect foresight models and rational expectation models. A website contains supplementary material including programs and answers to exercises.

By: Kenneth L. Judd
Imprint: MIT Press
Country of Publication: United States
Dimensions: Height: 229mm, Width: 178mm,
Weight: 369g
ISBN: 9780262547741
ISBN 10: 0262547740
Pages: 656
Publication Date: 04 April 2023
Recommended Age: From 18 years
Audience: College/higher education , Professional and scholarly , A / AS level , Further / Higher Education
Format: Paperback
Publisher's Status: Active

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Numerical Methods in Economics

Kenneth L. Judd

$250

Paperback

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