An Introduction to Economic Dynamics: Modelling, Analysis and Simulation Raghavendra Srinivas
An Introduction to Economic Dynamics: Modelling, Analysis and Simulation Raghavendra Srinivas An Introduction to Economic Dynamics provides a framework for students to appreciate and understand the…
Specifikacia An Introduction to Economic Dynamics: Modelling, Analysis and Simulation Raghavendra Srinivas
An Introduction to Economic Dynamics: Modelling, Analysis and Simulation Raghavendra Srinivas
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(R).This book goes beyond the often-limited scope of other texts on economic models, which have largely focused on elucidating static equilibrium models. In this textbook, readers are introduced to ten well-established macroeconomic models - including Keynesian multiplier models, Samuelson's multiplier and Solow's growth model - and guided through the dynamical systems behind each model. Comparative static analysis inhibits students from asking how the equilibrium position is achieved from an initial out-of-equilibrium position and limits their understanding of the dynamics that underlie such analysis.
Every chapter begins with an overview of the economic