Modeling Dynamic Economic Systems
With a Forew. by Jay W. Forrester
(Sprache: Englisch)
Its models created using STELLA software, this new edition has been updated to facilitate student access. It explores the dynamic processes in economic systems and concentrates on natural resource extraction, covering everything from chaos to microeconomics.
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Produktinformationen zu „Modeling Dynamic Economic Systems “
Its models created using STELLA software, this new edition has been updated to facilitate student access. It explores the dynamic processes in economic systems and concentrates on natural resource extraction, covering everything from chaos to microeconomics.
Klappentext zu „Modeling Dynamic Economic Systems “
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.
Inhaltsverzeichnis zu „Modeling Dynamic Economic Systems “
- Foreword- Preface
- Notation
Part I: Introduction
- Modeling Dynamic Systems
- Disaggregation of Stocks
Part II: Methods for Dynamic Modeling
- System Boundaries in Space and Time
- Scheduling Flows
- Positive Feedback in the Economy
- Derivatives and Lags
Part III: Microeconomic Models of Firms
- Introduction to Modeling Economic Processes
- Substitution of Inputs in Production
- Time Value
- Opportunity Cost
- The Profit-Maximizing Competitive Firm
- The Profit-Maximizing Monopoly
- Monopolistic Collusion
- Quasi-Competitive Equilibrium
- Modeling Economic Games
Part IV: Modeling Optimal Use of Nonrenewable Resources
- Competitive Scarcity
- Competitive Scarcity with Substitution
- Competitive Scarcity with Cost Dependent on Production Rate and Resource Size
- Competitive Scarcity with Technical Change
- Competitive Scarcity with Exploration
- Monopoly Scarcity
- Monopoly Scarcity with Variable Interest Rate
- Monopoly Scarcity with Cost Dependent on Production Rate and Resource Size
Part V: Modeling Optimal Use of Renewable Resources
- Optimal Timber Harvest
- Managing Open Access Resources
- Optimal Harvest from Fisheries
- Spatial Fishery Model
Part VI: Chaos in Economic Models
- Preference Cycles and Chaos
- Nonmonotonic Demand and Supply Curves
- Price Expectation and Production Lags
- Chaos in Macroeconomic Models
Part VII: Conclusion
- Building a Modeling Community
- References
- IndexPart IV: Modeling Optimal Use of Nonrenewable Resources
- Competitive Scarcity
- Competitive Scarcity with Substitution
- Competitive Scarcity with Cost Dependent on Production Rate and Resource Size
- Competitive Scarcity with Technical Change
Bibliographische Angaben
- Autoren: Matthias Ruth , Bruce Hannon
- 2012, 2. Aufl., XVII, 326 Seiten, Maße: 16 x 24,1 cm, Gebunden, Englisch
- Verlag: Springer, Berlin
- ISBN-10: 1461422086
- ISBN-13: 9781461422082
- Erscheinungsdatum: 09.02.2012
Sprache:
Englisch
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