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Dynamic Economics: Optimization by the Lagrange Method

Dynamic Economics: Optimization by the Lagrange Method

Dynamic Economics: Optimization by the Lagrange Method Hardback - 1997 - 1st Edition

by Gregory C. Chow

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Hardcover. New. New Book; Fast Shipping from UK; Not signed; Not First Edition; This book 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.
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Details

  • Title Dynamic Economics: Optimization by the Lagrange Method
  • Author Gregory C. Chow
  • Binding Hardback
  • Edition number 1st
  • Edition 1
  • Condition New
  • Pages 248
  • Volumes 1
  • Language ENG
  • Publisher Oxford University Press, Cary, North Carolina
  • Publication date 1997-02-13
  • Illustrated Yes
  • Features Bibliography, Illustrated, Index
  • Bookseller's Inventory # ria9780195101928_inp
  • ISBN 9780195101928 / 0195101928
  • Weight 1.25 lbs (0.57 kg)
  • Dimensions 9 x 6.64 x 0.85 in (22.86 x 16.87 x 2.16 cm)
  • Reading level 1690
  • Category Business / Economics / Finance
  • Library of Congress subjects Mathematical optimization, Economic development
  • Library of Congress Catalogue Number 96025957
  • Dewey Decimal Code 330.015
  • Quantity available 981

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Reader reviews for Dynamic Economics: Optimization by the Lagrange Method

From the publisher

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.

From the rear cover

Dynamic Economics presents the optimization framework for dynamic economics so that readers can understand and use it for applied and theoretical research. Chow shows how the method of Lagrange multipliers is easier and more efficient for solving dynamic optimization problems than dynamic programming, and allows readers to understand the substance of dynamic economics more fully. He applies the Lagrange method to study and solve problems in a variety of areas including economic growth, general equilibrium theory, business cycles, dynamic games, finance, and investment, while also discussing numerical methods and analytical solutions.

About the author

Gregory C. Chow is Class of 1913 Professor of Political Economy, Professor of Econometrics, and Director of the Econometric Research Program at Princeton University. He has also advised the Prime Ministers of Taiwan and China on economic policy and reform. He is the author of numerous books, including Analysis and Control of Dynamic Economic Systems (1975), Econometrics (1983), and Understanding China's Economy (1994).
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