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This book provides a reader with a practical foundation in general equilibrium theory, embeds the theory in a multi-sector dynamic framework, discusses how to practically link the theory to real economic data, and provides clear instructions on how to use existing software - in this case Mathematica - to construct model simulations for policy and other analysis. This book pulls it all together in a conceptually sound, yet practical, manner, and brings the theory to life. A unique feature is the integration of traditional static trade theory into modern neoclassical growth theory so the reader…mehr

Produktbeschreibung
This book provides a reader with a practical foundation in general equilibrium theory, embeds the theory in a multi-sector dynamic framework, discusses how to practically link the theory to real economic data, and provides clear instructions on how to use existing software - in this case Mathematica - to construct model simulations for policy and other analysis. This book pulls it all together in a conceptually sound, yet practical, manner, and brings the theory to life. A unique feature is the integration of traditional static trade theory into modern neoclassical growth theory so the reader has the sense of building upon known constructs as opposed to learning a sequence of different models. The book provides several examples of real economic problems with policy interests and shows how to "bring these problems to life" with theory and data.


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Rezensionen
From the reviews:
"The central issue of the book is transition from theoretical description of an economy to real-life applications of the theory. ... The book could serve as a textbook for advanced undergraduate students or graduate students (e.g. in an Applied General Equilibrium course) or as a companion book for any person willing to apply the theory to real-life problems." (Piotr Mackowiak, Zentralblatt MATH, Vol. 1198, 2010)