An introduction to economic dynamics modelling, analysis and simulation

"An Introduction to Economic Dynamics provides a framework for students to appreciate and understand the basic intuition behind economic models and to experiment with those models using simulation techniques in MATLAB. This book goes beyond the often-limited scope of other texts on economic mod...

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Detalles Bibliográficos
Otros Autores: Raghavendra, S. 1970- author (author), Piiroinen, Petri T., author
Formato: Libro electrónico
Idioma:Inglés
Publicado: London ; New York, New York : Routledge [2023]
Colección:Routledge advanced texts in economics and finance.
Materias:
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009784598606719
Tabla de Contenidos:
  • Cover
  • Endorsements
  • Half Title
  • Series
  • Title
  • Copyright
  • Dedication
  • Contents
  • Preface
  • Chapter 1 Introduction to Economic Dynamics
  • 1.1 A short primer on MATLAB®
  • Chapter 2 The Cobweb Model
  • 2.1 Economic problem
  • 2.2 Modelling
  • 2.3 Analysis, simulation and visualisation
  • 2.3.1 Cobweb plots
  • 2.4 Concluding remarks, extensions and challenges
  • Chapter 3 Expectation Dynamics in the Cobweb Model
  • 3.1 Economic problem
  • 3.2 Modelling
  • 3.3 Analysis, simulation and visualisation
  • 3.3.1 Cobweb plots
  • 3.4 Concluding remarks, extensions and challenges
  • Chapter 4 Keynesian Multiplier Model
  • 4.1 Economic problem
  • 4.2 Modelling
  • 4.3 Analysis, simulation and visualisation
  • 4.4 Concluding remarks, extensions and challenges
  • Chapter 5 The Is/Lm Model
  • 5.1 Economic problem
  • 5.2 Modelling
  • 5.3 Analysis, simulation and visualisation
  • 5.4 Remarks, extensions and challenges
  • Chapter 6 Debt, Deficit and Stabilisation Policy
  • 6.1 Economic problem
  • 6.2 Modelling
  • 6.3 Analysis, simulation and visualisation
  • 6.3.1 Simulation and visualisation
  • 6.4 Concluding remarks, extensions and challenges
  • Chapter 7 Expectation Dynamics and Hyperinflation
  • 7.1 Economic problem
  • 7.2 Modelling
  • 7.3 Analysis, simulation and visualisation
  • 7.3.1 The naive expectation model
  • 7.3.2 The perfect foresight model
  • 7.3.3 Analysis of the rational expectation model
  • 7.3.4 Simulation and visualisation
  • 7.4 Concluding remarks, extensions and challenges
  • Chapter 8 The Dornbusch Exchange Rate Overshooting Model
  • 8.1 Economic problem
  • 8.2 Modelling
  • 8.2.1 Commodity price dynamics
  • 8.3 Analysis, simulation and visualisation
  • 8.4 Concluding remarks, extensions and challenges
  • Chapter 9 The Solow-Swan Growth Model
  • 9.1 Economic problem
  • 9.2 Modelling.
  • 9.3 Analysis, simulation and visualisation
  • 9.4 Concluding remarks, extensions and challenges
  • Chapter 10 An Endogenous Growth Model
  • 10.1 Economic problem
  • 10.2 Modelling
  • 10.3 Analysis, simulation and visualisation
  • 10.3.1 Stability analysis
  • 10.3.2 Simulation analysis and visualisation
  • 10.3.3 Discussion
  • 10.4 Concluding remarks, extensions and challenges
  • Chapter 11 Business Cycles I: Samuelson'S Multiplier-Accelerator Model
  • 11.1 Modelling
  • 11.2 Analysis, simulation and visualisation
  • 11.3 Concluding remarks, extensions and challenges
  • Chapter 12 Business Cycles II: The Real Business Cycle Model
  • 12.1 Economic problem
  • 12.2 Modelling
  • 12.3 Analysis and visualisation
  • 12.3.1 Solution method
  • 12.3.2 Equilibrium solution: The optimal path
  • 12.3.3 Optimal paths under parameter variations
  • 12.3.4 Optimal paths for stochastic variations in parameters
  • 12.4 Concluding remarks, extensions and challenges
  • Appendix A Difference and Differential Equations
  • A.1 First-order linear difference equation
  • A.2 Second-order linear difference equation
  • A.3 First-order linear differential equations
  • A.4 Second-order linear differential equations
  • A.5 Systems of linear first-order differential equations
  • Appendix B Matlab® Codes
  • B.1 Chapter 1
  • B.2 Chapter 2
  • B.3 Chapter 3
  • B.4 Chapter 4
  • B.5 Chapter 5
  • B.6 Chapter 6
  • B.7 Chapter 7
  • B.8 Chapter 8
  • B.9 Chapter 9
  • B.10 Chapter 10
  • B.11 Chapter 11
  • B.12 Chapter 12
  • Index.