{"product_id":"economic-dynamics-second-edition-isbn-9780262544771","title":"Economic Dynamics, second edition","description":"\u003cb\u003eThe second edition of a rigorous and example-driven introduction to  topics in economic dynamics that emphasizes techniques for modeling  dynamic systems.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eThis text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems. Written to be both rigorous and engaging, the book shows how sound understanding of the underlying theory leads to effective algorithms for solving real-world problems. The material makes extensive use of programming examples to illustrate ideas, bringing to life the abstract concepts in the text. Key topics include algorithms and scientific computing, simulation, Markov models, and dynamic programming. Part I introduces fundamentals and part II covers more advanced material. This second edition has been thoroughly updated, drawing on recent research in the field.\u003cbr\u003e\u003cbr\u003e\u003cu\u003e\u003cb\u003eNew for the second edition: \u003c\/b\u003e\u003c\/u\u003e\u003cbr\u003e\u003cli\u003e“Programming-language agnostic” presentation using pseudocode.\u003c\/li\u003e\u003cli\u003eNew chapter 1 covering conceptual issues concerning Markov chains such as ergodicity and stability.\u003c\/li\u003e\u003cli\u003eNew focus in chapter 2 on algorithms and techniques for program design and high-performance computing.\u003c\/li\u003e\u003cli\u003eNew focus on household problems rather than optimal growth in material on dynamic programming.\u003c\/li\u003e\u003cli\u003eSolutions to many exercises, code, and other resources available on a supplementary website. \u003c\/li\u003ePreface xiii\u003cbr\u003eCommon Symbols xvii\u003cbr\u003eI Introduction to Dynamics 1\u003cbr\u003e1 Introduction 3\u003cbr\u003e2 Programming 25\u003cbr\u003e3 Analysis in Metric Space 39\u003cbr\u003e4 Introduction to Dynamics 59\u003cbr\u003e5 Further Topics for finite MCs 99\u003cbr\u003e6 Infinite State Space 115\u003cbr\u003eII Advances Techniques 153\u003cbr\u003e7 Integration 155\u003cbr\u003e8 Density Markov Chains 185\u003cbr\u003e9 Measure-Theoretic Probability 209\u003cbr\u003e10 Stochastic Dynamic Programming 227\u003cbr\u003e11 Stochastic Dynamics 247\u003cbr\u003e12 More Stochastic Dynamic Programming 295\u003cbr\u003eIII Appendixes 315\u003cbr\u003eA Real Analysis 317\u003cbr\u003eB Chapter Appendixes 339\u003cbr\u003eBibliography 357\u003cbr\u003eIndex 369John Stachurski is Professor of Economics at Australian National University and cofounder of QuantEcon. He is the author of \u003ci\u003eA Primer in Econometric Theory\u003c\/i\u003e (MIT Press).","brand":"The MIT Press","offers":[{"title":"Default Title","offer_id":46302210621669,"sku":"NP9780262544771","price":75.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780262544771.jpg?v=1767725854","url":"https:\/\/k12savings.com\/products\/economic-dynamics-second-edition-isbn-9780262544771","provider":"K12savings","version":"1.0","type":"link"}