Applied Computational Economics and Finance
Title | Applied Computational Economics and Finance PDF eBook |
Author | Mario J. Miranda |
Publisher | MIT Press |
Total Pages | 529 |
Release | 2004-08-20 |
Genre | Business & Economics |
ISBN | 0262291754 |
This book presents a variety of computational methods used to solve dynamic problems in economics and finance. It emphasizes practical numerical methods rather than mathematical proofs and focuses on techniques that apply directly to economic analyses. The examples are drawn from a wide range of subspecialties of economics and finance, with particular emphasis on problems in agricultural and resource economics, macroeconomics, and finance. The book also provides an extensive Web-site library of computer utilities and demonstration programs. The book is divided into two parts. The first part develops basic numerical methods, including linear and nonlinear equation methods, complementarity methods, finite-dimensional optimization, numerical integration and differentiation, and function approximation. The second part presents methods for solving dynamic stochastic models in economics and finance, including dynamic programming, rational expectations, and arbitrage pricing models in discrete and continuous time. The book uses MATLAB to illustrate the algorithms and includes a utilities toolbox to help readers develop their own computational economics applications.
Applied Computational Economics And Finance
Title | Applied Computational Economics And Finance PDF eBook |
Author | Miranda & Fackler |
Publisher | |
Total Pages | 0 |
Release | 2010 |
Genre | |
ISBN | 9788120339347 |
Simulation in Computational Finance and Economics: Tools and Emerging Applications
Title | Simulation in Computational Finance and Economics: Tools and Emerging Applications PDF eBook |
Author | Alexandrova-Kabadjova, Biliana |
Publisher | IGI Global |
Total Pages | 378 |
Release | 2012-08-31 |
Genre | Business & Economics |
ISBN | 1466620129 |
Simulation has become a tool difficult to substitute in many scientific areas like manufacturing, medicine, telecommunications, games, etc. Finance is one of such areas where simulation is a commonly used tool; for example, we can find Monte Carlo simulation in many financial applications like market risk analysis, portfolio optimization, credit risk related applications, etc. Simulation in Computational Finance and Economics: Tools and Emerging Applications presents a thorough collection of works, covering several rich and highly productive areas of research including Risk Management, Agent-Based Simulation, and Payment Methods and Systems, topics that have found new motivations after the strong recession experienced in the last few years. Despite the fact that simulation is widely accepted as a prominent tool, dealing with a simulation-based project requires specific management abilities of the researchers. Economic researchers will find an excellent reference to introduce them to the computational simulation models. The works presented in this book can be used as an inspiration for economic researchers interested in creating their own computational models in their respective fields.
Handbook of Applied Computational Economics and Finance
Title | Handbook of Applied Computational Economics and Finance PDF eBook |
Author | Bladimir Baranauskaus |
Publisher | Koros Press |
Total Pages | 300 |
Release | 2013-04 |
Genre | Economics |
ISBN | 9781781632949 |
Presenting a variety of computational methods used to solve dynamic problems in economics and finance, this book emphasizes practical numerical methods rather than mathematical proofs and focuses on techniques that apply directly to economic analyses. The examples are drawn from a wide range of subspecialties of economics and finance, with particular emphasis on problems in agricultural and resource economics, macroeconomics, and finance.
Computational Methods in Decision-Making, Economics and Finance
Title | Computational Methods in Decision-Making, Economics and Finance PDF eBook |
Author | Erricos John Kontoghiorghes |
Publisher | Springer Science & Business Media |
Total Pages | 626 |
Release | 2013-11-11 |
Genre | Business & Economics |
ISBN | 1475736134 |
Computing has become essential for the modeling, analysis, and optimization of systems. This book is devoted to algorithms, computational analysis, and decision models. The chapters are organized in two parts: optimization models of decisions and models of pricing and equilibria.
Computational Economics
Title | Computational Economics PDF eBook |
Author | Oscar Afonso |
Publisher | Routledge |
Total Pages | 266 |
Release | 2015-08-27 |
Genre | Business & Economics |
ISBN | 1317508653 |
Computational Economics: A concise introduction is a comprehensive textbook designed to help students move from the traditional and comparative static analysis of economic models, to a modern and dynamic computational study. The ability to equate an economic problem, to formulate it into a mathematical model and to solve it computationally is becoming a crucial and distinctive competence for most economists. This vital textbook is organized around static and dynamic models, covering both macro and microeconomic topics, exploring the numerical techniques required to solve those models. A key aim of the book is to enable students to develop the ability to modify the models themselves so that, using the MATLAB/Octave codes provided on the book and on the website, students can demonstrate a complete understanding of computational methods. This textbook is innovative, easy to read and highly focused, providing students of economics with the skills needed to understand the essentials of using numerical methods to solve economic problems. It also provides more technical readers with an easy way to cope with economics through modelling and simulation. Later in the book, more elaborate economic models and advanced numerical methods are introduced which will prove valuable to those in more advanced study. This book is ideal for all students of economics, mathematics, computer science and engineering taking classes on Computational or Numerical Economics.
Handbook of Computational Finance
Title | Handbook of Computational Finance PDF eBook |
Author | Jin-Chuan Duan |
Publisher | Springer Science & Business Media |
Total Pages | 804 |
Release | 2011-10-25 |
Genre | Business & Economics |
ISBN | 9783642172540 |
Any financial asset that is openly traded has a market price. Except for extreme market conditions, market price may be more or less than a “fair” value. Fair value is likely to be some complicated function of the current intrinsic value of tangible or intangible assets underlying the claim and our assessment of the characteristics of the underlying assets with respect to the expected rate of growth, future dividends, volatility, and other relevant market factors. Some of these factors that affect the price can be measured at the time of a transaction with reasonably high accuracy. Most factors, however, relate to expectations about the future and to subjective issues, such as current management, corporate policies and market environment, that could affect the future financial performance of the underlying assets. Models are thus needed to describe the stochastic factors and environment, and their implementations inevitably require computational finance tools.