000			02028 a2200229 4500
003			OSt
005			20230420121046.0
008			230420b xxu||||| |||| 00| 0 eng d
020			_a9780262544771
040			_cIIT Kanpur
041			_aeng
082			_a330.1519 _bSt12e2
100			_aStachurski, John
245			_aEconomic dynamics [2nd ed.] _btheory and computation _cJohn Stachurski
250			_a2nd ed.
260			_bMIT Press _c2022 _aCambridge
300			_axvii, 375p
520			_aThe second edition of a rigorous and example-driven introduction to topics in economic dynamics that emphasizes techniques for modeling dynamic systems. This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems. Written to be both rigorous and engaging, the book shows how sound understanding of the underlying theory leads to effective algorithms for solving real-world problems. The material makes extensive use of programming examples to illustrate ideas, bringing to life the abstract concepts in the text. Key topics include algorithms and scientific computing, simulation, Markov models, and dynamic programming. Part I introduces fundamentals and part II covers more advanced material. This second edition has been thoroughly updated, drawing on recent research in the field. New for the second edition: “Programming-language agnostic” presentation using pseudocode. New chapter 1 covering conceptual issues concerning Markov chains such as ergodicity and stability. New focus in chapter 2 on algorithms and techniques for program design and high-performance computing. New focus on household problems rather than optimal growth in material on dynamic programming. Solutions to many exercises, code, and other resources available on a supplementary website.
650			_aStatics and dynamics (Social sciences) -- Mathematical models
650			_aEconomics -- Mathematical models
942			_cBK
999			_c566419 _d566419