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Applied Computational Economics and Finance : The MIT Press - Mario J. Miranda

Applied Computational Economics and Finance

The MIT Press

Paperback Published: 3rd September 2004
ISBN: 9780262633093
Number Of Pages: 528
For Ages: 18+ years old

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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.

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"One of this book's many strengths is its structure, the way theory-based chapters alternate with analytical ones. This will make it an invaluable resource in the classroom."--Thomas J. Sargent, Hoover Institution, Stanford UniversityPlease note: Note slight change to quote and to institutional affiliation. Apologies for the many recirculations. Thanks!

ISBN: 9780262633093
ISBN-10: 0262633094
Series: The MIT Press
Audience: Professional
For Ages: 18+ years old
Format: Paperback
Language: English
Number Of Pages: 528
Published: 3rd September 2004
Publisher: MIT Press Ltd
Country of Publication: US
Dimensions (cm): 22.86 x 17.15  x 2.54
Weight (kg): 0.7