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Books > Business & Economics > Economics > Microeconomics
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Dynamic Economics - Optimization by the Lagrange Method (Hardcover, New)
Loot Price: R3,253
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Dynamic Economics - Optimization by the Lagrange Method (Hardcover, New)
Expected to ship within 12 - 19 working days
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This work provides a unified and simple treatment of dynamic
economics using dynamic optimization as the main theme, and the
method of Lagrange multipliers to solve dynamic economic problems.
The author presents the optimization framework for dynamic
economics in order that readers can understand the approach and use
it as they see fit. Instead of using dynamic programming, the
author chooses instead to use the method of Lagrange multipliers in
the analysis of dynamic optimization because it is easier and more
efficient than dynamic programming, and allows readers to
understand the substance of dynamic economics better. The author
treats a number of topics in economics, including economic growth,
macroeconomics, microeconomics, finance and dynamic games. The book
also teaches by examples, using concepts to solve simple problems;
it then moves to general propositions.
General
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