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Cover image for book Modeling Dynamic Economic Systems

Modeling Dynamic Economic Systems

By:Matthias Ruth; Bruce Hannon
Publisher:Springer Nature
Print ISBN:9781461422082
eText ISBN:9781461422099
Edition:2
Copyright:2012
Format:Reflowable

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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.