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Microeconomic Theory and Computation By Michael R. Hammock

Microeconomic Theory and Computation by Michael R. Hammock

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$384.29
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Summary

This book provides a step-by-step tutorial for using Maxima, an open-source multi-platform computer algebra system, to examine the economic relationships that form the core of microeconomics in a way that complements traditional modeling techniques.

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Microeconomic Theory and Computation Summary

Microeconomic Theory and Computation: Applying the Maxima Open-Source Computer Algebra System by Michael R. Hammock

Economists can use computer algebra systems to manipulate symbolic models, derive numerical computations, and analyze empirical relationships among variables. Maxima is an open-source multi-platform computer algebra system that rivals proprietary software. Maxima's symbolic and computational capabilities enable economists and financial analysts to develop a deeper understanding of models by allowing them to explore the implications of differences in parameter values, providing numerical solutions to problems that would be otherwise intractable, and by providing graphical representations that can guide analysis. This book provides a step-by-step tutorial for using this program to examine the economic relationships that form the core of microeconomics in a way that complements traditional modeling techniques. Readers learn how to phrase the relevant analysis and how symbolic expressions, numerical computations, and graphical representations can be used to learn from microeconomic models. In particular, comparative statics analysis is facilitated. Little has been published on Maxima and its applications in economics and finance, and this volume will appeal to advanced undergraduates, graduate-level students studying microeconomics, academic researchers in economics and finance, economists, and financial analysts.

Table of Contents

1 Introduction.- 2 Simple Economic Models.- 3 Demand Theory: Preferences.- 4 Demand Theory: Constraints and Optimization.- 5 Preferences and Demand.- 6 Production Theory.- 7 Cost Theory.- 8 Firm and Industry Supply in the Short-run.- 9 Long-run Supply.- 10 Competitive Markets: Extensions and Application.- 11 General Equilibrium.- 12 Price-Searcher Markets.- 13 Nonlinear Pricing: Capturing Consumer Surplus.- 14 Oligopoly.- 15 Time.- 16 Uncertainty.

Additional information

NLS9781493943111
9781493943111
1493943111
Microeconomic Theory and Computation: Applying the Maxima Open-Source Computer Algebra System by Michael R. Hammock
New
Paperback
Springer-Verlag New York Inc.
20160819
385
null null null null null null null null null null
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