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Numerical Methods In Economics

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Powerful numerical techniques for economists

This book is a must-read for economists who want to leverage computer technology to analyze complex economic problems. Kenneth Judd presents a comprehensive collection of numerical methods from the fields of numerical analysis and applied mathematics, and demonstrates how to apply them in economic analyses. From linear equations to optimization and from approximation methods to Monte Carlo simulations, this book equips economists with a powerful set of tools to tackle dynamic equilibrium analysis and solve complex economic models. With supplementary materials available online, including programs and exercise solutions, Numerical Methods in Economics is a valuable resource for anyone seeking to harness the full power of computer technology in economic research.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
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Numerical Methods In Economics

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ISBN: 9780262100717
Authors: Kenneth L. Judd
Publisher: Mit Pr
Date of Publication: 1998-10-27
Format: Hardcover
Related Collections: Economics, Mathematics, Science
Goodreads rating: 4.17
(rated by 23 readers)

Description

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.
 

Powerful numerical techniques for economists

This book is a must-read for economists who want to leverage computer technology to analyze complex economic problems. Kenneth Judd presents a comprehensive collection of numerical methods from the fields of numerical analysis and applied mathematics, and demonstrates how to apply them in economic analyses. From linear equations to optimization and from approximation methods to Monte Carlo simulations, this book equips economists with a powerful set of tools to tackle dynamic equilibrium analysis and solve complex economic models. With supplementary materials available online, including programs and exercise solutions, Numerical Methods in Economics is a valuable resource for anyone seeking to harness the full power of computer technology in economic research.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.