| Description |
xiii, 234 pages : illustrations ; 24 cm |
| Contents |
Ch. 1. Introduction -- Ch. 2. Dynamic Optimization in Discrete Time -- Ch. 3. Economic Growth -- Ch. 4. Theories of Market Equilibrium -- Ch. 5. Business Cycles -- Ch. 6. Dynamic Games -- Ch. 7. Models in Finance -- Ch. 8. Models of Investment -- Ch. 9. Numerical Methods for Solving First-Order Conditions in Dynamic Optimization Problems |
| Summary |
Dynamic Economics presents the optimization framework for dynamic economics so that readers can understand and use it for applied and theoretical research. Chow shows how the method of Lagrange multipliers is easier and more efficient for solving dynamic optimization problems than dynamic programming, and allows readers to understand the substance of dynamic economics more fully. He applies the Lagrange method to study and solve problems in a variety of areas including economic growth, general equilibrium theory, business cycles, dynamic games, finance, and investment, while also discussing numerical methods and analytical solutions |
| Bibliography |
Includes bibliographical references (pages 208-213) and index |
| Subject |
Mathematical optimization.
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Multipliers (Mathematical analysis)
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Equilibrium (Economics)
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Statics and dynamics (Social sciences)
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Economic development.
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| LC no. |
96025957 |
| ISBN |
0195101928 alkaline paper |
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