Connect Master Economics

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  connect master economics: Principles of Economics Carlos Jose Asarta, Roger B. Butters, 2019 What is economics? That's a great question, but not one with a simple answer. A dictionary will say something like this: Economics is the study of the production, distribution, and consumption of goods and services. A traditional textbook might define it like this: Economics is a social science that studies people and the choices they make in the face of scarce resources. Our product is no dictionary, and it's definitely not a traditional textbook, so our definition differs a bit too. Have you ever been in a dark room trying to find your way from one side to the other? We all have, and along the way we've stubbed toes, banged shins, and stumbled. That's a problem, and the way to solve it is to turn on a light so you can see the path to take, understand the obstacles, and make better choices. When you turn on a light, the world around you is illuminated, so instead of stumbling from one place to another, you can move with confidence to your final destination. Economics, then, really is about people and the choices they make in a world of scarce resources. But it's also more: It's a way of thinking and of viewing the world that turns on the lights. Economics illuminates your world because it shows you how decisions are connected to outcomes. It connects you to the world by giving you the tools to understand the choices you and those around you make--
  connect master economics: Connect Simon Lancaster, 2022-06-09 *NEW EDITION FEATURING UPDATED MATERIAL* 'Erudite, interesting and, above all, entertaining' ALAN JOHNSON, FORMER UK HOME SECRETARY 'A racy, engrossing read' PROFESSOR IAN ROBERTSON 'Incredibly absorbing, leaving even the most confident orator with food for thought' PSYCHOLOGIES Communication can make the difference between failure and success. When communication goes badly, it's a nightmare. When it goes well, it's the stuff of dreams. In this revelatory and entertaining guide, top speechwriter Simon Lancaster reveals that the secret to great communication lies not in logic alone, but in skilfully connecting with people's deepest instincts and emotions. Through the power of connections, it is possible to transform people's perceptions about almost anything, making the scary safe, the unfamiliar familiar, and even turning a 'no' into a 'yes'. Drawing on cutting-edge neuroscience and ancient rhetoric, Lancaster examines ten powerful connections you can instantly make to change how people think, feel and act. Forget incomprehensible acronyms, mixed metaphors and jumbled jargon; with these connections, you can literally get people's mouths watering, make their hearts race and leave them addicted to your presence. Packed with wisdom, humour and actionable methods, Connect is the ultimate guide to great communication, giving you the power to inspire, influence and energise anyone, anywhere, anytime.
  connect master economics: eBook: Economics 20th Edition MCCONNELL, 2017-02-15 eBook: Economics 20th Edition
  connect master economics: Principles of Economics Roger B. Butters, 2015
  connect master economics: Teaching Principles of Microeconomics Mark Maier, Phil Ruder, 2023-01-06 Abundant with practical advice and ready-to-use teaching examples, this dynamic guide will help both new and experienced instructors of Principles of Microeconomics to reconsider and refine their courses. Mark Maier and Phil Ruder assemble the wisdom of 25 eminent scholars of economic education on how best to introduce students to the discipline and inspire a long-lasting passion for microeconomics.
  connect master economics: Economics in One Lesson Henry Hazlitt, 2010-08-11 Over a million copies sold! A fundamental influence on modern libertarianism, this classic guide to the basics of economic theory defends capitalism and the free market from economic myths that persist to this day. “A magnificent job of theoretical exposition.”—Ayn Rand Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt wrote Economics in One Lesson in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than fifty years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong—and strongly reasoned—anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.
  connect master economics: Connect Master Principles of Economics Print Companion Carlos Asarta, 2021
  connect master economics: Principles of Economics Carlos Jose Asarta, Roger B. Butters, 2022 What is economics? That's a great question, but not one with a simple answer. A dictionary will say something like this: Economics is the study of the production, distribution, and consumption of goods and services. A traditional textbook might define it like this: Economics is a social science that studies people and the choices they make in the face of scarce resources. Our product is no dictionary, and it's definitely not a traditional textbook, so our definition differs a bit too. Have you ever been in a dark room trying to find your way from one side to the other? We all have, and along the way we've stubbed toes, banged shins, and stumbled. That's a problem, and the way to solve it is to turn on a light so you can see the path to take, understand the obstacles, and make better choices. When you turn on a light, the world around you is illuminated, so instead of stumbling from one place to another, you can move with confidence to your final destination. Economics, then, really is about people and the choices they make in a world of scarce resources. But it's also more: It's a way of thinking and of viewing the world that turns on the lights. Economics illuminates your world because it shows you how decisions are connected to outcomes. It connects you to the world by giving you the tools to understand the choices you and those around you make--
  connect master economics: Principles of Economics Libby Rittenberg, Timothy Tregarthen, 2011-07
  connect master economics: Principles of Economics Carlos Jose Asarta, Roger B. Butters, 2019
  connect master economics: Economics, 12e David Begg, Gianluigi Vernasca, 2019-12-11 Economics, 12e
  connect master economics: Markets, Games, and Strategic Behavior Charles A. Holt, 2019-03-12 From a pioneer in experimental economics, an expanded and updated edition of a textbook that brings economic experiments into the classroom Economics is rapidly becoming a more experimental science, and the best way to convey insights from this research is to engage students in classroom simulations that motivate subsequent discussions and reading. In this expanded and updated second edition of Markets, Games, and Strategic Behavior, Charles Holt, one of the leaders in experimental economics, provides an unparalleled introduction to the study of economic behavior, organized around risky decisions, games of strategy, and economic markets that can be simulated in class. Each chapter is based on a key experiment, presented with accessible examples and just enough theory. Featuring innovative applications from the lab and the field, the book introduces new research on a wide range of topics. Core chapters provide an introduction to the experimental analysis of markets and strategic decisions made in the shadow of risk or conflict. Instructors can then pick and choose among topics focused on bargaining, game theory, social preferences, industrial organization, public choice and voting, asset market bubbles, and auctions. Based on decades of teaching experience, this is the perfect book for any undergraduate course in experimental economics or behavioral game theory. New material on topics such as matching, belief elicitation, repeated games, prospect theory, probabilistic choice, macro experiments, and statistical analysis Participatory experiments that connect behavioral theory and laboratory research Largely self-contained chapters that can each be covered in a single class Guidance for instructors on setting up classroom experiments, with either hand-run procedures or free online software End-of-chapter problems, including some conceptual-design questions, with hints or partial solutions provided
  connect master economics: Monetary Economics and Policy Pierpaolo Benigno, 2025-01-07 A unified framework for understanding monetary policy, including recent unprecedented interventions by central banks Over the past two decades, monetary policy has been deployed in unprecedented ways, as central banks attempted to mitigate the adverse consequences of the 2007–2008 financial crisis, the COVID-19 global lockdown, and recent inflationary surges. In Monetary Economics and Policy, Pierpaolo Benigno offers a new way to understand the potency and effectiveness of monetary policy, presenting a unified modeling framework to analyze policy challenges posed by both paper and digital currency systems. He investigates current theoretical and policy controversies, drawing connections with historical themes in monetary economics. Benigno examines how central banks control the value of their currency amid competition from cryptocurrencies and private money-like securities; discusses the desirability of inflation targeting for macroeconomic stabilization; and explores theoretical grounds for the unconventional monetary policies seen in the recent period of zero nominal interest rates, including forward guidance, quantitative and credit easing, and helicopter money. He accompanies his analysis with an innovative visual representation of the New Keynesian model and inflation-targeting policies. Benigno’s novel framework also allows the study of monetary policy normalization through quantitative tightening toward what has become the “new normal.” He discusses the optimal provision of liquidity and the different roles of the government and financial intermediaries. Finally, he recounts historical controversies regarding the inflation-unemployment trade-off to understand the 2020s inflationary surge and delves into the causes and dynamics of hyperinflations, tracing them to the subtle, ambiguous linkages between monetary and fiscal policy and weak balance-sheet conditions for the central bank.
  connect master economics: Econophysics and Financial Economics Franck Jovanovic, Christophe Schinckus, 2017 This book provides the first extensive analytic comparison between models and results from econophysics and financial economics in an accessible and common vocabulary. Unlike other publications dedicated to econophysics, it situates this field in the evolution of financial economics by laying the foundations for common theoretical framework and models.
  connect master economics: EBOOK: Economics for Business, 6e DAVID BEGG, DAM, 2020-01-21 EBOOK: Economics for Business, 6e
  connect master economics: Principles of Economics 2e Timothy Taylor, Steven A. Greenlaw, David Shapiro, 2017-10-12 Principles of Economics covers the scope and sequence for a two-semester principles of economics course. The text has been developed to meet the scope and sequence of most introductory courses.
  connect master economics: EBOOK: Economics for Business David Begg, Damian Ward, 2016-03-16 Economics for Business 5th edition is an essential introduction to economics tailor-made for business students. Economic principles are clearly explained within the context of modern business, drawing on a wealth of contemporary examples that bring the topics to life.
  connect master economics: Digital Marketing Expert Diploma (Master’s level) - City of London College of Economics - 10 months - 100% online / self-paced City of London College of Economics, Overview In this course you will learn all you need to know to become a Digital Marketing Expert. As you surely know, Digital Marketing Specialists are in high demand and well paid. Content - Digital Marketing Strategy - Market Research - Crowdsourcing - Web Development and Design - Writing for the Web - Mobile Development - Email Marketing - Online Advertising - Affiliate Marketing - Search Engine Marketing - Search Engine Optimisation - PPC Advertising - And much more Duration 10 months Assessment The assessment will take place on the basis of one assignment at the end of the course. Tell us when you feel ready to take the exam and we’ll send you the assignment questions. Study material The study material will be provided in separate files by email / download link.
  connect master economics: The Great Market Debate in Soviet Economics: An Anthology David M Jones, William Moskoff, 2016-09-16 The most agonizing and protracted of all the Soviet reform debates has been the debate over economic reform. This anthology of essays and roundtables from party, professional and literary journals surveys the key issues in the market debate.
  connect master economics: Principles of Complexity Economics Michael Roos, 2024-08-05 This textbook serves as an introduction to the rising field of complexity economics. In thirteen chapters, it provides a comprehensive and systematic overview of the concepts and methods of complexity economics and their applications to economic issues. The book explains that the complexity approach is not just another method, but a worldview that is different from the one of academics with neoclassical training. By contrasting complexity economics with neoclassical economics, the readers are induced to reflect on their own unconscious beliefs about the economic world and develop their own approach to dealing with the pervasive complexities and uncertainties of reality. The first five chapters serve as an introduction and overview. Chapters 6 - 12 present the core concepts of the book. Each of the seven chapters introduces a key concept of complexity and provides applications to economics topics. The final chapter discusses the implications of complexity thinking for economic policy and for the future development of economics. This textbook addresses advanced undergraduate students and graduate students of economics, interested in a better understanding of the concepts and the way of thinking in complexity economics, as well as in acquiring a sound technical foundation to understand most of the research literature.
  connect master economics: Teaching Strategies - Grades 3-4. Master Curriculum Guide in Economics. Teacher Resource Manual [and] Student Activities Cynthia Lieb, Cynthia Samuel, Robert Lee Stout, 1994 This teacher resource manual for 3rd-and 4th-grade student's uses a wide variety of instructional activities for teaching economics education. The activities include role playing in small groups, producing bookmarks, and making decisions. Students are given the opportunity to interview adults, perform services for their families, do independent research, conduct experiments, and perform in skits. As a class they participate in a trading activity, engage in a classroom competition, and take part in a simulation. Discussion, reading, and writing clarify and reinforce the concepts that the activities are designed to teach. The manual contains 15 step-by-step lesson plans and reductions of the student pages for quick reference. Performance outcomes, a planning chart, and a 57-term glossary also are included. The companion student activities manual contains 39 supporting activities. The pages include family letters, scripts, activity cards, patterns, and a variety of other classroom materials in blackline master form. (LB)
  connect master economics: The Legend of Hickory Hollow Nicholas J. Brown, 2021-07-22 This story is about a single father with two daughters. They move to a small town, looking for a fresh start, when tragedy hits-the youngest girl, Ada, gets kidnapped. In a desperate attempt to find her little sister, Felicity, in her search, uncovers that the town has a dark past. More than twenty-five girls have been abducted, and the last victim lived in their apartment. Digging deeper, she reveals that her body was never found, and the murders were never solved. Just when you think things can't get any worse, Felicity soon finds herself in the middle of a decade's old nightmare. With thrills, suspense, and anticipation on every page-will the girl uncover new evidence, solving an old, forgotten murder investigation? Or will she be the next body in the morgue? Rushing against the clock, she has to be diligent in her search before her time runs out. Read The Legend of Hickory Hollow to find out the rest of the story and see if you can help solve the mystery.
  connect master economics: Teaching and Research Methods for Islamic Economics and Finance Mohd Ma'Sum Billah, 2022-03-10 Methods and techniques adopted in teaching, training, learning, research, professional development, or capacity building are generally standardized across most traditional disciplines, particularly within developing countries. This is not the case, however, when it comes to the Islamic disciplines, and, in particular, in relation to the study of Islamic economics and finance, which is influenced by conventional standards and techniques. This is primarily due to the lack of availability of the requisite standards and mechanisms designed within the spirit of Maqsid al-Shari’ah. This book offers a unique resource and a comprehensive overview of the contemporary methods and smart techniques available for teaching, learning, and researching Islamic eco-finance, and it presents solutions to the challenges in implementing them. Further, the book gives deep insight into the most appropriate methodologies that could be employed empirically to explore, model, analyze, and evaluate Islamic finance theories and models, respectively. It also gives recommendations for improving learning, teaching, and research outcomes in Islamic eco-finance. The book also addresses how, in this advanced technological era, smart tools like artificial intelligence, machine learning, big data, Zoom, and the internet of things can be adapted to help equip students, researchers, and scholars with smart skills. The book will enable those studying Islamic economics and finance to grasp the appropriate tools for research and learning. Additionally, the Islamic economics and finance sector is growing at a significant rate and therefore requires the upskilling and capacity building of its human resources; thus, the book will also be highly beneficial for practitioners involved in the industry.
  connect master economics: Analytical Political Economy Roberto Veneziani, Luca Zamparelli, 2018-04-09 Offering a unique picture of recent developments in a range of non-conventional theoretical approaches in economics, this book introduces readers to the study of Analytical Political Economy and the changes within the subject. Includes a wide range of topics and theoretical approaches that are critically and thoroughly reviewed Contributions within the book are written according to the highest standards of rigor and clarity that characterize academic work Provides comprehensive and well-organized surveys of cutting-edge empirical and theoretical work covering an exceptionally wide range of areas and fields Topics include macroeconomic theories of growth and distribution; agent-based and stock-flow consistent models; financialization and Marxian price and value theory Investigates exploitation theory; trade theory; the role of expectations and ‘animal spirits’ on macroeconomic performance as well as empirical research in Marxian economics
  connect master economics: Ebook: Economics Colander, 2016-09-16 Ebook: Economics
  connect master economics: Globalization, Institutions and Governance James A Caporaso, Mary Anne Madeira, 2011-10-26 The study of international relations now goes well beyond state-to-state politics and even regional politics. Technological forces are working their effects on the world as a whole, bringing state and non-state actors into contact with one another. Globalization, Institutions and Governance provides students with a sophisticated and engaging exploration of the often differing impacts of these technological forces and the wider implications of globalization for theories of global governance and the role of international institutions. This title is part of the SAGE Series on the Foundations of International Relations. This series fills the gap between narrowly-focused research monographs and broad introductory texts, providing graduate students with state-of-the-art, critical overviews of the key sub-fields within International Relations: International Political Economy, International Security, Foreign Policy Analysis, International Organization, Normative IR Theory, International Environmental Politics, Globalization, and IR Theory. Explicitly designed to further the transatlantic dialogue fostered by publications such as the SAGE Handbook of International Relations, the series is written by renowned scholars drawn from North America, continental Europe and the UK. The books are intended as core texts on advanced courses in IR, taking students beyond the basics and into the heart of the debates within each field, encouraging an independent, critical approach and signposting further avenues of research. Series Editors: Walter Carlsnaes Uppsala University, Sweden Jeffrey T. Checkel Simon Fraser University, Canada International Advisory Board: Peter J. Katzenstein Cornell University, USA; Emanuel Adler University of Toronto, Canada; Martha Finnemore George Washington University, USA; Andrew Hurrell Oxford University, UK; G. John Ikenberry Princeton University, USA; Beth Simmons Harvard University, USA; Steve Smith University of Exeter, UK; Michael Zuern Hertie School of Governance, Berlin, Germany.
  connect master economics: EBOOK: Economics David Begg, Gianluigi Vernasca, Stanley Fischer, Rudiger Dornbusch, 2014-01-16 Economics affects almost everything we do: from our decisions at work to our shopping habits, voting preferences and social attitudes. This new edition of the popular text by David Begg and Gianluigi Vernasca enables the reader to understand today's economic environment by examining the underlying theory and applying it to real-world situations. Economics surveys the latest ideas and issues, such as the role of regulation in banking, the consequences of globalization and monetary union, and the efficacy of our current economic models. This coverage, combined with a rich array of pedagogical features, encourages students to explore our economic past and present, and to think critically about where this might lead us in the future. The new edition is updated to provide a comprehensive analysis of the financial crash: its causes, consequences, and possible policy responses, from fiscal stimulus to quantitative easing.
  connect master economics: Economic Adjustment Strategy Plan for the City of Commerce Economics Research Associates, 1977
  connect master economics: HR Expert Diploma (Master's level) - City of London College of Economics - 15 months - 100% online / self-paced City of London College of Economics, Overview In this diploma course you will deal with all aspects of Human Resource Management as well as in an international context to become an HR Expert. Content - Human Resource Management - Human Resource Processes - Work and Employment - Organizational Behaviour - Organization Design and Development - People Resourcing - Performance Management - Learning and Development - Rewarding People - Employee Relations - Health, Safety and Employee Well-being - HR Policies, Procedures and Systems - Example of Employee Engagement and Commitment Survey - Example of Performance Management Survey - Example of Reward Survey - Learning and Development Activities and Methods - HRM in Europe - HRM in East Asia - HRM in Developing Countries - Composing an International Staff - Women’s Role in International Management - And much more Duration 15 months Assessment The assessment will take place on the basis of one assignment at the end of the course. Tell us when you feel ready to take the exam and we’ll send you the assignment questions. Study material The study material will be provided in separate files by email / download link.
  connect master economics: What Everyone Should Know About Business Patrice Flynn, 2025-03-25 This practical and informative primer is a new kind of teaching tool that is easy to read, easy to understand, and easy to apply. Dr. Flynn presents the functional areas of business from entrepreneurship to small business development, legal structure, growth strategy, going global, finance, digitization, marketing, and management. Theory is matched with game-changing realities in today’s business environment such as far-reaching networked digital supply chains, personalized geolocation marketing, 5 nm micro-processing chip architecture and hyperscale data centers triggering the generative AI boom, and sophisticated hybrid legal structures and financial management systems.
  connect master economics: Finance Manager Diploma (Master's level) - City of London College of Economics - 6 months - 100% online / self-paced City of London College of Economics, Overview Upon completion of this diploma course, you will be able to work as a finance manager. Content - Overview of financial management - Financial statements, cash flow and taxes - Analysis of financial statements - Financial Planning and Forecasting - The financial environment markets, institutions and interest rates - Risk and rates of return - Time value of money - Bonds and their valuation - Stocks and their valuation - The cost of capital - The basics of capital budgeting - Cash flow estimation and risk analysis - Capital structure and leverage - Distributions to shareholders: Dividends and share repurchases - Working capital management - Multinational financial management - Self-test questions (problems) and their solutions Duration 6 months Assessment The assessment will take place on the basis of one assignment at the end of the course. Tell us when you feel ready to take the exam and we’ll send you the assignment questions. Study material The study material will be provided in separate files by email / download link.
  connect master economics: Ebook: Microeconomics, Global Edition MCCONNELL, 2011-09-16 Ebook: Microeconomics, Global Edition
  connect master economics: Voluntary National Content Standards in Economics National Council on Economic Education, Foundation for Teaching Economics, 1997 This essential guide for curriculum developers, administrators, teachers, and education and economics professors, the standards were developed to provide a framework and benchmarks for the teaching of economics to our nation's children.
  connect master economics: Time Series Models for Business and Economic Forecasting Philip Hans Franses, 1998-10-15 The econometric analysis of economic and business time series is a major field of research and application. The last few decades have witnessed an increasing interest in both theoretical and empirical developments in constructing time series models and in their important application in forecasting. In Time Series Models for Business and Economic Forecasting, Philip Franses examines recent developments in time series analysis. The early parts of the book focus on the typical features of time series data in business and economics. Part III is concerned with the discussion of some important concepts in time series analysis, the discussion focuses on the techniques which can be readily applied in practice. Parts IV-VIII suggest different modeling methods and model structures. Part IX extends the concepts in chapter three to multivariate time series. Part X examines common aspects across time series.
  connect master economics: The Resilient Society Markus Konrad Brunnermeier, 2022
  connect master economics: Drive Daniel H. Pink, 2011-04-05 The New York Times bestseller that gives readers a paradigm-shattering new way to think about motivation from the author of When: The Scientific Secrets of Perfect Timing Most people believe that the best way to motivate is with rewards like money—the carrot-and-stick approach. That's a mistake, says Daniel H. Pink (author of To Sell Is Human: The Surprising Truth About Motivating Others). In this provocative and persuasive new book, he asserts that the secret to high performance and satisfaction-at work, at school, and at home—is the deeply human need to direct our own lives, to learn and create new things, and to do better by ourselves and our world. Drawing on four decades of scientific research on human motivation, Pink exposes the mismatch between what science knows and what business does—and how that affects every aspect of life. He examines the three elements of true motivation—autonomy, mastery, and purpose-and offers smart and surprising techniques for putting these into action in a unique book that will change how we think and transform how we live.
  connect master economics: Economics for Mathematicians John William Scott Cassels, 1981-12-10 This is the expanded notes of a course intended to introduce students specializing in mathematics to some of the central ideas of traditional economics. The book should be readily accessible to anyone with some training in university mathematics; more advanced mathematical tools are explained in the appendices. Thus this text could be used for undergraduate mathematics courses or as supplementary reading for students of mathematical economics.
  connect master economics: Routledge International Handbook of Complexity Economics Ping Chen, Wolfram Elsner, Andreas Pyka, 2024-11-29 The Routledge International Handbook of Complexity Economics covers the historical developments and early concerns of complexity theorists and brings them into engagement with the world today. In this volume, a distinguished group of international scholars explore the state of the art of complexity economics, and how it may deliver new and relevant insights to the challenges of the 21st century. Complexity science started in 1899 when Henri Poincaré described the three-body problem. The first approaches in economics emerged somewhat later, in the 1980s, driven by the Brussels-Austin school. Since then, complexity economics has gone through numerous developments: departing from linear simplifications, applying physical algorithms, to evolutionary economics and big data. This book covers the basic principles and methods, and offers an overview of the various domains—ranging from diverse fields of productivity studies, agricultural economics, to monetary economics—as well as the current challenges such as climate change, epidemics and economic inequality where complexity economics can provide insight. It closes with a review of complexity political economy and policy. Offering a vibrant alternative to orthodox economics, this handbook is a crucial resource for advanced students, researchers and economists across the disciplines of heterodox economics, economic theory and econophysics.
  connect master economics: Numerical Methods in Finance and Economics Paolo Brandimarte, 2013-06-06 A state-of-the-art introduction to the powerful mathematical and statistical tools used in the field of finance The use of mathematical models and numerical techniques is a practice employed by a growing number of applied mathematicians working on applications in finance. Reflecting this development, Numerical Methods in Finance and Economics: A MATLAB?-Based Introduction, Second Edition bridges the gap between financial theory and computational practice while showing readers how to utilize MATLAB?--the powerful numerical computing environment--for financial applications. The author provides an essential foundation in finance and numerical analysis in addition to background material for students from both engineering and economics perspectives. A wide range of topics is covered, including standard numerical analysis methods, Monte Carlo methods to simulate systems affected by significant uncertainty, and optimization methods to find an optimal set of decisions. Among this book's most outstanding features is the integration of MATLAB?, which helps students and practitioners solve relevant problems in finance, such as portfolio management and derivatives pricing. This tutorial is useful in connecting theory with practice in the application of classical numerical methods and advanced methods, while illustrating underlying algorithmic concepts in concrete terms. Newly featured in the Second Edition: * In-depth treatment of Monte Carlo methods with due attention paid to variance reduction strategies * New appendix on AMPL in order to better illustrate the optimization models in Chapters 11 and 12 * New chapter on binomial and trinomial lattices * Additional treatment of partial differential equations with two space dimensions * Expanded treatment within the chapter on financial theory to provide a more thorough background for engineers not familiar with finance * New coverage of advanced optimization methods and applications later in the text Numerical Methods in Finance and Economics: A MATLAB?-Based Introduction, Second Edition presents basic treatments and more specialized literature, and it also uses algebraic languages, such as AMPL, to connect the pencil-and-paper statement of an optimization model with its solution by a software library. Offering computational practice in both financial engineering and economics fields, this book equips practitioners with the necessary techniques to measure and manage risk.
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