Overview

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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9780387773575

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Reviews

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)

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)

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