Computational Economics

Computational Economics: A Concise Introduction is a comprehensive textbook designed to help students transition from the traditional and comparative static analysis of economic models to a modern and dynamic computational study. The ability to articulate an economic problem, formulate it into a mathematical model, and solve it computationally is becoming a crucial and distinctive competence for most economists.

This vital textbook is organised around static and dynamic models, covering both macro and microeconomic topics, and 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. With the provided MATLAB/Octave codes available in 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, equipping students of economics with the skills needed to understand the essentials of using numerical methods to solve economic problems. For more technical readers, it provides an accessible means of engaging with economics through modelling and simulation. As the book progresses, 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 who are taking classes in Computational or Numerical Economics.