Numerical methods in economics / Kenneth L. Judd.
By: Judd, Kenneth L.Material type: TextPublisher: Cambridge, Mass. : MIT Press, 1998Description: xiii, 633 p. : ill. ; 24 cm.ISBN: 0262100711 (hc).Subject(s): Economics -- Statistical methodsDDC classification: 330.015195 JUN Online resources: OCLC | Ebook Fulltext
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|E-Book||EWU Library E-book||Non-fiction||330.015195 JUN 1998 (Browse shelf)||Not for loan|
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Includes bibliographical references (p. -622) and index.
Part 1 Introduction: introduction; elementary concepts in numerical analysis. Part 2 Basics from numerical analysis on Rn: linear equations and iterative methods; optimization; nonlinear equations; approximation methods; numerical integration and differentiation; Monte Carlo and simulation methods; quasi-Monte Carlo methods. Part 3 Numerical methods for functional problems: finite-difference methods; projection methods for functional equations; numerical dynamic programming. Part 4 Perturbation methods: regular perturbation of simple systems; regular perturbations in multidimensional systems; advanced asymptotic methods. Part 5 Applications to dynamic equilibrium analysis; solution methods for perfect foresight models; solving rational expectations models.
To harness the full power of computer technology, economists need to use a broad range of mathematical techniques. In this book, Kenneth Judd presents techniques from the numerical analysis and applied mathematics literatures and shows how to use them in economic analyses.