
Economic Dynamics
Phase Diagrams and their Economic Application
Ronald Shone(Author)
Cambridge University Press
Published on 11. September 1997
Book
Hardback
567 pages
978-0-521-47446-7 (ISBN)
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Description
This book provides a thorough introduction to dynamics, and to phase diagrams and their economic application. From the mathematical point of view it covers both quantitative and qualitative dynamic systems; continuous and discrete dynamics; linear and non-linear systems and single equations and systems of equations. It illustrates dynamic systems using Mathematica, Maple V and spreadsheets employing numerous numerical examples. It provides an introduction to phase diagrams and their use in both microeconomics and macroeconomics, explaining the nature of saddle path solutions. Besides standard topics in both microeconomics and macroeconomics, there is an extended treatment of open economy macroeconomics, including overshooting. It also provides an introduction to optimal control theory and chaos theory. Copious exercises are provided along with solutions at the end of each chapter. Online solutions package and instructor's manual available at www.cup.cam.ac.uk/0521479738.
More details
Language
English
Place of publication
Cambridge
United Kingdom
Target group
College/higher education
Professional and scholarly
Illustrations
266 Line drawings, unspecified
Dimensions
Height: 256 mm
Width: 179 mm
Thickness: 33 mm
Weight
1415 gr
ISBN-13
978-0-521-47446-7 (9780521474467)
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Book
11/2002
2nd Edition
Cambridge University Press
€147.40
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Content
Part I: 1. Introduction; 2. Continuous dynamic systems; 3. Discrete dynamic systems; 4. Systems of first-order differential equations; 5. Discrete systems of equations; 6. Control to chaos; Part II: 7. Demand and supply models; 8. Closed economy dynamics; 9. The dynamics of inflation and unemployment; 10. Open economy dynamics: sticky price models; 11. Open economy dynamics: flexible price models; 12. Population models; 13. The dynamics of fisheries; 14. Overlapping generations models; Bibliography; Answers to selected exercises; Author index; Subject index.