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Models Of Economic Systems
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Book Synopsis Modeling Dynamic Economic Systems by : Matthias Ruth
Download or read book Modeling Dynamic Economic Systems written by Matthias Ruth and published by Springer Science & Business Media. This book was released on 2012-02-09 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the dynamic processes in economic systems, concentrating on the extraction and use of the natural resources required to meet economic needs. Sections cover methods for dynamic modeling in economics, microeconomic models of firms, modeling optimal use of both nonrenewable and renewable resources, and chaos in economic models. This book does not require a substantial background in mathematics or computer science.
Book Synopsis Feedback Economics by : Robert Y. Cavana
Download or read book Feedback Economics written by Robert Y. Cavana and published by Springer Nature. This book was released on 2021-06-30 with total page 593 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book approaches economic problems from a systems thinking and feedback perspective. By introducing system dynamics methods (including qualitative and quantitative techniques) and computer simulation models, the respective contributions apply feedback analysis and dynamic simulation modeling to important local, national, and global economics issues and concerns. Topics covered include: an introduction to macro modeling using a system dynamics framework; a system dynamics translation of the Phillips machine; a re-examination of classical economic theories from a feedback perspective; analyses of important social, ecological, and resource issues; the development of a biophysical economics module for global modelling; contributions to monetary and financial economics; analyses of macroeconomic growth, income distribution and alternative theories of well-being; and a re-examination of scenario macro modeling. The contributions also examine the philosophical differences between the economics and system dynamics communities in an effort to bridge existing gaps and compare methods. Many models and other supporting information are provided as online supplementary files. Consequently, the book appeals to students and scholars in economics, as well as to practitioners and policy analysts interested in using systems thinking and system dynamics modeling to understand and improve economic systems around the world. "Clearly, there is much space for more collaboration between the advocates of post-Keynesian economics and system dynamics! More generally, I would like to recommend this book to all scholars and practitioners interested in exploring the interface and synergies between economics, system dynamics, and feedback thinking." Comments in the Foreword by Marc Lavoie, Emeritus Professor, University of Ottawa and University of Sorbonne Paris Nord
Book Synopsis Complex Systems Modeling and Simulation in Economics and Finance by : Shu-Heng Chen
Download or read book Complex Systems Modeling and Simulation in Economics and Finance written by Shu-Heng Chen and published by Springer. This book was released on 2018-11-20 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title brings together frontier research on complex economic systems, heterogeneous interacting agents, bounded rationality, and nonlinear dynamics in economics. The book contains the proceedings of the CEF2015 (21st Computing in Economics in Finance), held 20-22 June 2015 in Taipei, Taiwan, and addresses some of the important driving forces for various emergent properties in economies, when viewed as complex systems. The breakthroughs reported in this book are a result of an interdisciplinary approach and simulation remains the unifying theme for these papers as they deal with a wide range of topics in economics. The text is a valuable addition to the efforts in promoting the complex systems view in economic science. The computational experiments reported in the book are both transparent and replicable. Complex System Modeling and Simulation in Economics and Finance is useful for graduate courses of complex systems, with particular focus on economics and finance. At the same time it serves as a good overview for researchers who are interested in the topic.
Book Synopsis Models in Microeconomic Theory by : Martin J. Osborne
Download or read book Models in Microeconomic Theory written by Martin J. Osborne and published by Open Book Publishers. This book was released on 2023-06-26 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, with the models of the jungle and an economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an economy with asymmetric information. Part III (Chapters 15-16) provides an introduction to game theory, covering strategic and extensive games and the concepts of Nash equilibrium and subgame perfect equilibrium. Part IV (Chapters 17-20) gives a taste of the topics of mechanism design, matching, the axiomatic analysis of economic systems, and social choice. The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results. It uses only elementary mathematics (with almost no calculus), although many of the proofs involve sustained logical arguments. It includes about 150 exercises. With its formal but accessible style, this textbook is designed for undergraduate students of microeconomics at intermediate and advanced levels.
Book Synopsis The Global Economic System Since 1945 by : Larry Allen
Download or read book The Global Economic System Since 1945 written by Larry Allen and published by Reaktion Books. This book was released on 2005 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book describes how, after the end of World War II, powerful corporations began to lobby governments in an effort to reduce the perceived constraints of regulation. Since the 1970s these voices have become increasingly influential, as governments worldwide have adopted free-market policies, reduced economic regulation and promoted the virtues of free-enterprise capitalism." "The Global Economic System since 1945 presents a fresh synthesis of economic history and theory. For the specialist, it will provide a useful reminder that the economy needs to be looked at from different angles, while the general reader will find a fascinating and impartial description of the current state of the global economy - as well as hints on what to look for when scanning the economic horizon for signs of inclement weather."--BOOK JACKET.
Book Synopsis Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems by : Cars Hommes
Download or read book Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems written by Cars Hommes and published by Cambridge University Press. This book was released on 2013-01-24 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recognising that the economy is a complex system with boundedly rational interacting agents, applies complexity modelling to economics and finance.
Book Synopsis Varieties of Capitalism by : Peter A. Hall
Download or read book Varieties of Capitalism written by Peter A. Hall and published by Oxford University Press. This book was released on 2001 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.
Book Synopsis Network Models in Economics and Finance by : Valery A. Kalyagin
Download or read book Network Models in Economics and Finance written by Valery A. Kalyagin and published by Springer. This book was released on 2014-09-23 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using network models to investigate the interconnectivity in modern economic systems allows researchers to better understand and explain some economic phenomena. This volume presents contributions by known experts and active researchers in economic and financial network modeling. Readers are provided with an understanding of the latest advances in network analysis as applied to economics, finance, corporate governance, and investments. Moreover, recent advances in market network analysis that focus on influential techniques for market graph analysis are also examined. Young researchers will find this volume particularly useful in facilitating their introduction to this new and fascinating field. Professionals in economics, financial management, various technologies, and network analysis, will find the network models presented in this book beneficial in analyzing the interconnectivity in modern economic systems.
Download or read book Memenomics written by Said Dawlabani and published by SelectBooks, Inc.. This book was released on 2013-09 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: The term “vMEME” (the superscript “v” is for “value”) refers to a core value system expressed through a culture’s memes, i.e., its ideas, habits, and cultural preferences and practices that spread from person to person. In MEMEnomics Said E. Dawlabani reframes our economic history and the future of capitalism through the unique prism of a culture’s value systems. Focusing on the long-term effects of economic policies on society, he expands psychologist Clare W. Graves’ concepts of the hierarchical nature of human development and the theories of value systems of Beck and Cowan’s Spiral Dynamics. He presents our economic history in terms of the hierarchy of five of the eight value-systems or vMEMEs of human existence that we can now identify. These new value preferences emerge as people interact with their environment to solve the problems of their “life conditions.”
Book Synopsis Computer Simulation Experiments with Models of Economic Systems by : Thomas H. Naylor
Download or read book Computer Simulation Experiments with Models of Economic Systems written by Thomas H. Naylor and published by John Wiley & Sons. This book was released on 1971 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes methodology for formulation of various economic models and scientific management models, and covers validation, experimental design, data analysis of variance, sequential sampling, spectral analysis, variance reduction, statistical analysis, rules governing sample sizes, simulation languages, etc.
Book Synopsis Introduction to Business by : Lawrence J. Gitman
Download or read book Introduction to Business written by Lawrence J. Gitman and published by . This book was released on 2024-09-16 with total page 1455 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.
Book Synopsis Income Distribution Dynamics of Economic Systems by : Marcelo Byrro Ribeiro
Download or read book Income Distribution Dynamics of Economic Systems written by Marcelo Byrro Ribeiro and published by Cambridge University Press. This book was released on 2020-03-26 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Econophysics has been used to study a range of economic and financial systems. This book uses the econophysical perspective to focus on the income distributive dynamics of economic systems. It focuses on the empirical characterization and dynamics of income distribution and its related quantities from the epistemological and practical perspectives of contemporary physics. Several income distribution functions are presented which fit income data and results obtained by statistical physicists on the income distribution problem. The book discusses two separate research traditions: the statistical physics approach, and the approach based on non-linear trade cycle models of macroeconomic dynamics. Several models of distributive dynamics based on the latter approach are presented, connecting the studies by physicists on distributive dynamics with the recent literature by economists on income inequality. As econophysics is such an interdisciplinary field, this book will be of interest to physicists, economists, statisticians and applied mathematicians.
Book Synopsis Bio-Economic Models applied to Agricultural Systems by : Guillermo Flichman
Download or read book Bio-Economic Models applied to Agricultural Systems written by Guillermo Flichman and published by Springer Science & Business Media. This book was released on 2011-09-15 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book has the purpose of providing the "state of the arts" concerning bio-economic modelling dealing with agricultural systems. In most cases, the contributions use a methodology combining the use of biophysical and economic models, in all cases, an engineering production function approach is totally or partially applied. This practice is being developed in the last years as a response to concrete policy matters: agricultural policies are increasingly combined with environmental and natural resources policies, and this reality involves the need of an integrated assessment, that current economic models are not able to provide.
Book Synopsis Understanding and Interpreting Economic Structure by : Geoffrey Hewings
Download or read book Understanding and Interpreting Economic Structure written by Geoffrey Hewings and published by Springer Science & Business Media. This book was released on 1999-07-27 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores new approaches to the measurement and interpretation of the linkages between economic activity flows and income flows in urban and regional economies and new ways to explore the importance of regional economic structure in development. The book combines theoretical contributions, chapters that focus on the construction and interpretation of new social accounting systems and a variety of empirical applications. These applications encompass community-level income distribution impacts, assessments of income distribution problems in Brazil, interregional impacts of unexpected events in Japan, welfare reform in the US and structural change in Chinese metropolitan economies. One of the special features of the book is the use and application of a wide variety of models - demo-economic, social accounting, interregional computable general equilibrium - employed at a variety of spatial scales.
Book Synopsis Agent-Based Models in Economics by : Domenico Delli Gatti
Download or read book Agent-Based Models in Economics written by Domenico Delli Gatti and published by Cambridge University Press. This book was released on 2018-03-22 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first step-by-step introduction to the methodology of agent-based models in economics, their mathematical and statistical analysis, and real-world applications.
Book Synopsis Understanding Economic Systems by : Tamra B. Orr
Download or read book Understanding Economic Systems written by Tamra B. Orr and published by The Rosen Publishing Group, Inc. This book was released on 2011-12-15 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains economic systems, including command and planned economies, market economies, and the Internet economy.
Book Synopsis Economic Models for Policy Making by : Solomon Cohen
Download or read book Economic Models for Policy Making written by Solomon Cohen and published by Routledge. This book was released on 2013-05-02 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decades, many different kinds of models have been developed that have been of use to policy makers, but until now the different approaches have not been brought together with a view to enhancing the systematic unification and evaluation of these models. This new volume aims to fill this gap by bringing together four decades’ worth of work by S. I. Cohen on economic modelling for policy making. Work on older models has been rewritten and brought fully up to date, and these older models have therefore been brought back to the fore, both to assess how they influenced more recent models and to see how they could be used today. The focus of the book is on models for development policies in developing economies, but there are some chapters that relate to economic policies in transition and developed economies. The policy areas covered are of typical interest in developing and transition economies. They include those relating to trade liberalization reforms, sustainable development, industrial development, agrarian reform, growth and distribution, human resource development and education, public goods and income transfers. Each chapter contains a brief assessment of the empirical literature on the economic effects of the policy measures discussed in the chapter. The book presents a platform of economic modelling that can serve as a refresher for practising professionals, as well as a reference companion for graduates engaging in economic modelling and policy preparations.