000			03498nam a22002297a 4500
005			20241216141151.0
008			241216b |||||||| |||| 00| 0 eng d
020			_a9780367341893
082			_a330.1 _bRAG
100			_aRaghavendra, Srinivas _919687
245			_aAn introduction to economic dynamics: _bmodelling, analysis and simulation
260			_bRoutledge _aNew York _c2023
300			_axvii, 237 p.
365			_aGBP _b45.99
490			_aRoutledge Advanced Texts in Economics and Finance
500			_aTable of content: 1. Introduction to Economic Dynamics 2. The Cobweb Model 3. Expectation Dynamics in the Cobweb Model 4. Keynesian Multiplier Model 5. The IS/LM Model 6. Debt, Deficit and Stabilization Policy 7. Expectation Dynamics and Hyperinflation 8. The Dornbusch Exchange Rate Overshooting Model 9. The Solow-Swan Growth Model 10. An Endogenous Growth Model 11. Business Cycles I: Samuelson’s Multiplier-Accelerator Model 12. Business Cycles II: The Real Business Cycle Model Appendix A. Difference and Differential Equations Appendix B. Matlab Codes [1. Introduction to Economic Dynamics 2. The Cobweb Model 3. Expectation Dynamics in the Cobweb Model 4. Keynesian Multiplier Model 5. The IS/LM Model 6. Debt, Deficit and Stabilization Policy 7. Expectation Dynamics and Hyperinflation 8. The Dornbusch Exchange Rate Overshooting Model 9. The Solow-Swan Growth Model 10. An Endogenous Growth Model 11. Business Cycles I: Samuelson’s Multiplier-Accelerator Model 12. Business Cycles II: The Real Business Cycle Model Appendix A. Difference and Differential Equations Appendix B. Matlab Codes]
520			_aAn 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 models, which have largely focused on elucidating static equilibrium models. 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. 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. Every chapter begins with an overview of the economic problem which the model is designed to help solve followed by an explanation of the mathematics of the model. Solutions are provided using simulation and visualisation techniques in MATLAB®, which are interwoven organically with the analysis and are introduced in a step-by-step fashion to guide the reader along the way. Appendices provide an introduction to MATLAB® along with all the necessary codes. The book is ideally suited for courses in economic dynamics, macroeconomic modelling and computational economics, as well as for students of finance, mathematics and engineering who are interested in economic models. (https://www.routledge.com/An-Introduction-to-Economic-Dynamics-Modelling-Analysis-and-Simulation/Raghavendra-Piiroinen/p/book/9780367341893?srsltid=AfmBOor0ooKu0jFsC_uJhT5gdpvN-KDI94hx7bg2PGLRAFKkPglQx_uc)
650			_aEconomics
650			_aEconomics-Mathematical models _91942
700			_aPiiroinen, Petri T _919688
942			_cBK _2ddc
999			_c7488 _d7488