TY - BOOK ID - 6206224 TI - Dynamic economics : optimization by the Lagrange method PY - 1997 SN - 0195101928 019985503X 0195356314 1429415274 1280528524 9780195356311 9780195101928 PB - New York : Oxford University Press, DB - UniCat KW - Mathematical optimization KW - Multipliers (Mathematical analysis) KW - Equilibrium (Economics) KW - Statics and dynamics (Social sciences) KW - Economic development KW - 330.0151 KW - Development, Economic KW - Economic growth KW - Growth, Economic KW - Economic policy KW - Economics KW - Development economics KW - Resource curse KW - Dynamics and statics (Social sciences) KW - Equilibrium (Social sciences) KW - Social evolution KW - Social sciences KW - Sociology KW - Disequilibrium (Economics) KW - Economic equilibrium KW - General equilibrium (Economics) KW - Partial equilibrium (Economics) KW - Stagnation (Economics) KW - Functional analysis KW - Harmonic analysis KW - Optimization (Mathematics) KW - Optimization techniques KW - Optimization theory KW - Systems optimization KW - Mathematical analysis KW - Maxima and minima KW - Operations research KW - Simulation methods KW - System analysis KW - Economic development. KW - Mathematical optimization. KW - Equilibrium (Economics). KW - Multipliers (Mathematical analysis). KW - Statics and dynamics (Social sciences). UR - https://www.unicat.be/uniCat?func=search&query=sysid:6206224 AB - Gregory C. Chow, father of the Chow Test of stability of economic relations and a major contributor to econometrics and economics, here provides a unified and simple treatment of dynamic economics. Using dynamic optimization as his main theme, Chow introduces the Lagrange method as a more convenient tool than dynamic programming for solving dynamic optimization problems. 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 so enables readers to grasp the substance of dynamic economics more fully. He employs 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. Teaching by example, Chow solves simple problems before moving on to more general propositions. Problems are provided at the end of each chapter. This accessible and wide-ranging work is an ideal primary text for graduate and undergraduate courses in dynamic economics. It can also be used as a supplementary text for courses in mathematics for economists, mathematical economics, macroeconomics, economic development, finance, operations research, and control theory in engineering schools, among others. ER -