Dynamic Economics

Optimization by the Lagrange Method

Gregory C. Chow

Oxford University Press
Publication date : 1997-02-13

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This work provides a unified and simple treatment of dynamic economics using dynamic optimization as the main theme, and the method of Lagrange multipliers to solve dynamic economic problems. The author presents the optimization framework for dynamic economics in order that readers can understand the approach and use it as they see fit. Instead of using dynamic programming, the author chooses instead to use the method of Lagrange multipliers in the analysis of dynamic optimization because it is easier and more efficient than dynamic programming, and allows readers to understand the substance of dynamic economics better. The author treats a number of topics in economics, including economic growth, macroeconomics, microeconomics, finance and dynamic games. The book also teaches by examples, using concepts to solve simple problems; it then moves to general propositions.

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About the book

Author

Gregory C. Chow

Imprint

Oxford University Press

Collection

n.c

Publication date

1997-02-13

Pages

n.c

Print ISBN

9780195101928

Language

English

Ebook informations

EAN PDF

9780195356311

Price

£78.06

Copy count 0

Print count 0

File size 11182 Ko

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About author(s)

Gregory C. Chow

Gregory C. Chow is Class of 1913 Professor of Political Economy, Professor of Econometrics, and Director of the Econometric Research Program at Princeton University. He has also advised the Prime Ministers of Taiwan and China on economic policy and reform. He is the author of numerous books, including Analysis and Control of Dynamic Economic Systems (1975), Econometrics (1983), and Understanding China's Economy (1994).

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