TAILIEUCHUNG - An Introduction to Economic Dynamics

This is a short book. It aims to get across the essential elements of dynamics that are used in modern treatments of the subject. More significantly, it aims to do this through the means of examples. Some of these examples are purely algebraic. But many others consider economic models: both microeconomic and macroeconomic. Macroeconomics is replete with dynamic models – some simple and others quite complex. But this is not true of microeconomics. | An introduction to economic dynamics Ronald Shone An Introduction to Economic Dynamics An examples-driven treatment of introductory economic dynamics for students with a basic familiarity with spreadsheets. Shone approaches the subject with the belief that true understanding of a subject can be achieved only by students themselves setting out a problem and manipulating it experimentally. Although all economics students now have access to a spreadsheet they often use it for little more than graphing economic data. This book encourages students to go several stages further and set up and investigate simple dynamic models. The book presents the essentials of macroeconomic and microeconomic dynamics including demand and supply dynamics Keynesian dynamics IS-LM dynamics inflation-unemployment dynamics dynamics of the firm rational expectations and saddle-points fiscal dynamics and the Maastricht Treaty and chaos theory. The book contains over 50 exercises with an additional 100 questions contained on the support web site. Material is also provided for a tutor s web site. RONALD SHONE is Senior Lecturer in Economics at the University of Stirling. He has written nine books on economics covering the areas of microeconomics macroeconomics international economics and economic dynamics. This Page Intentionally Left .

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