Microeconomic Theory and Computation

Applying the Maxima Open-Source Computer Algebra System

Authors: Hammock, Michael R., Mixon.Jr., J. Wilson

  • First comprehensive work to integrate the use of an “open-source” computer algebra system with microeconomic analysis
  • "Open-source” software continues to grow in popularity within the academic community
  • Perfect supplement to advanced microeconomic textbooks
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eBook $139.00
price for USA (gross)
  • ISBN 978-1-4614-9417-1
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $179.00
price for USA
  • ISBN 978-1-4614-9416-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $179.00
price for USA
  • ISBN 978-1-4939-4311-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

Economists can use computer algebra systems to manipulate symbolic models, derive numerical computations, and analyze empirical relationships among variables. Maxima is an open-source multi-platform computer algebra system that rivals proprietary software. Maxima’s symbolic and computational capabilities enable economists and financial analysts to develop a deeper understanding of models by allowing them to explore the implications of differences in parameter values, providing numerical solutions to problems that would be otherwise intractable, and by providing graphical representations that can guide analysis. This book provides a step-by-step tutorial for using this program to examine the economic relationships that form the core of microeconomics in a way that complements traditional modeling techniques. Readers learn how to phrase the relevant analysis and how symbolic expressions, numerical computations, and graphical representations can be used to learn from microeconomic models. In particular, comparative statics analysis is facilitated. Little has been published on Maxima and its applications in economics and finance, and this volume will appeal to advanced undergraduates, graduate-level students studying microeconomics, academic researchers in economics and finance, economists, and financial analysts.

Table of contents (17 chapters)

  • Introduction

    Hammock, Michael R. (et al.)

    Pages 1-35

  • Simple Economic Models

    Hammock, Michael R. (et al.)

    Pages 37-67

  • Demand Theory: Preferences

    Hammock, Michael R. (et al.)

    Pages 69-85

  • Demand Theory: Constraints and Optimization

    Hammock, Michael R. (et al.)

    Pages 87-117

  • Preferences and Demand

    Hammock, Michael R. (et al.)

    Pages 119-138

Buy this book

eBook $139.00
price for USA (gross)
  • ISBN 978-1-4614-9417-1
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $179.00
price for USA
  • ISBN 978-1-4614-9416-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $179.00
price for USA
  • ISBN 978-1-4939-4311-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Microeconomic Theory and Computation
Book Subtitle
Applying the Maxima Open-Source Computer Algebra System
Authors
Copyright
2013
Publisher
Springer-Verlag New York
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-1-4614-9417-1
DOI
10.1007/978-1-4614-9417-1
Hardcover ISBN
978-1-4614-9416-4
Softcover ISBN
978-1-4939-4311-1
Edition Number
1
Number of Pages
XIX, 385
Number of Illustrations and Tables
267 b/w illustrations, 8 illustrations in colour
Topics