Stachurski, John
Economic Dynamics: Theory and Computation - Cambridge, Mass. [u.a.], MIT Press, 2009 - 373 pages - C6 24 +1
The topics covered in the book are fairly similar to those found in “Recursive Methods in Economic Dynamics” by Nancy Stokey and Robert Lucas. While it does not match the vast number of economic models in that text, the treatment of stochastic dynamics and dynamic programming is more up to date, and the text uses programming extensively, both to solve problems and to illustrate ideas. The material is certainly technical, but the book has plenty of intuition and examples.
Graduate students of finance and operations research should also find the material useful to them. And researchers in economics will find new techniques for analyzing and simulating random dynamic models.
0-262-01277-4
dynamics
economics
mathematical model
Markov chains
dynamic programming
Economic Dynamics: Theory and Computation - Cambridge, Mass. [u.a.], MIT Press, 2009 - 373 pages - C6 24 +1
The topics covered in the book are fairly similar to those found in “Recursive Methods in Economic Dynamics” by Nancy Stokey and Robert Lucas. While it does not match the vast number of economic models in that text, the treatment of stochastic dynamics and dynamic programming is more up to date, and the text uses programming extensively, both to solve problems and to illustrate ideas. The material is certainly technical, but the book has plenty of intuition and examples.
Graduate students of finance and operations research should also find the material useful to them. And researchers in economics will find new techniques for analyzing and simulating random dynamic models.
0-262-01277-4
dynamics
economics
mathematical model
Markov chains
dynamic programming
