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Computational Economics [Kindle Edition]

David A. Kendrick , P. Ruben Mercado , Hans M. Amman
5.0 out of 5 stars  See all reviews (2 customer reviews)

Digital List Price: $120.00 What's this?
Print List Price: $132.00
Kindle Price: $68.49
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Book Description

The ability to conceptualize an economic problem verbally, to formulate it as a mathematical model, and then represent the mathematics in software so that the model can be solved on a computer is a crucial skill for economists. Computational Economics contains well-known models--and some brand-new ones--designed to help students move from verbal to mathematical to computational representations in economic modeling. The authors' focus, however, is not just on solving the models, but also on developing the ability to modify them to reflect one's interest and point of view. The result is a book that enables students to be creative in developing models that are relevant to the economic problems of their times.

Unlike other computational economics textbooks, this book is organized around economic topics, among them macroeconomics, microeconomics, and finance. The authors employ various software systems--including MATLAB, Mathematica, GAMS, the nonlinear programming solver in Excel, and the database systems in Access--to enable students to use the most advantageous system. The book progresses from relatively simple models to more complex ones, and includes appendices on the ins and outs of running each program.

The book is intended for use by advanced undergraduates and professional economists and even, as a first exposure to computational economics, by graduate students.

  • Organized by economic topics

  • Progresses from simple to more complex models

  • Includes instructions on numerous software systems

  • Encourages customization and creativity

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Editorial Reviews


"Important and useful. . . . [T]his book represents an excellent way to learn computational economics, doing it."--Pietro Terna, Journal of Artificial Societies and Social Simulation

From the Back Cover

"The book succeeds perfectly at enhancing the creativity and productivity of students in economics and related fields by clearly circumventing the traditional approach. The problems presented will attract the students' attention and provide motivation for further work."--Manfred Gilli, University of Geneva, Switzerland

"Computational Economics is a pioneering textbook by the world leaders in the field."--Alan S. Manne, Stanford University

Product Details

  • File Size: 7362 KB
  • Print Length: 448 pages
  • Publisher: Princeton University Press (October 23, 2011)
  • Publication Date: October 23, 2011
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Not Enabled
  • Enhanced Typesetting: Not Enabled
  • Amazon Best Sellers Rank: #1,440,052 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Most Helpful Customer Reviews
2 of 2 people found the following review helpful
5.0 out of 5 stars Excellent Book April 11, 2008
This is a great and moderately accessible book. Covers a variety of ways to solve maximization problems. Especially enjoyed solving the portfolio optimization problem using a dedicated Matlab function, Monte Carlo, and a genetic algorithm. Highly recommend the course with Dr. Kendrick if you are at UT Austin.
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5.0 out of 5 stars Five Stars October 13, 2014
By azad
Format:Hardcover|Verified Purchase
excellent for experimentalist.
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