Modeling Dynamic Economic Systems | Buch

Cover: 9781461422082 | Modeling Dynamic Economic Systems | Bruce Hannon (u. a.) | Buch | xvii

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Beschreibung

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.

Zusammenfassung

Models in this book were created using STELLA software

The authors have updated this book so that it is more accessible to students studying model development

This book models and analyzes the dynamics characteristic of economic processes and human-environment interactions

Includes supplementary material: [...]

Inhaltsverzeichnis

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.- Index.

Details

Erscheinungsjahr:	2012
Fachbereich:	Volkswirtschaft
Genre:	Wirtschaft
Rubrik:	Recht & Wirtschaft
Medium:	Buch
Reihe:	Modeling Dynamic Systems
Inhalt:	xvii 326 S.
ISBN-13:	9781461422082
ISBN-10:	1461422086
Sprache:	Englisch
Herstellernummer:	80064959
Ausstattung / Beilage:	HC gerader Rücken kaschiert
Einband:	Gebunden
Autor:	Hannon, Bruce Ruth, Matthias
Auflage:	2nd ed. 2012
Hersteller:	Springer US Springer New York Springer US, New York, N.Y. Modeling Dynamic Systems
Maße:	241 x 160 x 22 mm
Von/Mit:	Bruce Hannon (u. a.)
Erscheinungsdatum:	09.02.2012
Gewicht:	0,682 kg

Artikel-ID: 106735145