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Essays in Economic Dynamics - Theory, Simulation Analysis, and Methodological Study (Paperback, Softcover reprint of the original 1st ed. 2016)
Loot Price: R2,957
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Essays in Economic Dynamics - Theory, Simulation Analysis, and Methodological Study (Paperback, Softcover reprint of the original 1st ed. 2016)
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This book reflects the state of the art in nonlinear economic
dynamics, providing a broad overview of dynamic economic models at
different levels. The wide variety of approaches ranges from
theoretical and simulation analysis to methodological study. In
particular, it examines the local and global asymptotical behavior
of both macro- and micro- level mathematical models, theoretically
as well as using simulation. It also focuses on systems with one or
more time delays for which new methodology has to be developed to
investigate their asymptotic properties. The book offers a
comprehensive summary of the existing methodology with extensions
to the more complex model variants, since considerations on bounded
rationality of complex economic behavior provide the foundation
underlying choice-theoretic and policy-oriented studies of macro
behavior, which impact the real macro economy. It includes 13
chapters addressing traditional models such as monopoly, duopoly
and oligopoly in microeconomics and Keynesian, Goodwinian, and
Kaldor-Kaleckian models in macroeconomics. Each chapter presents
new aspects of these traditional models that have never been seen
before. This work renews the past wisdom and reveals tomorrow's
knowledge.
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