An Introduction To Economic Dynamics Modelling Analysis And Simulation Srinivas Raghavendra by Srinivas Raghavendra, Petri T. Piiroinen 9780367341893, 0367341891 instant download after payment.

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. 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.