Mathematical Methods • Programming Models • Mathematical and Simulation Modeling

Mathematical methods and programming models (JEL C6) cover the mathematical and computational tools of economics.

Scope

It includes optimization, dynamic programming, computational methods, and mathematical and simulation modelling.

Sub-topics

• General
• Optimization Techniques • Programming Models • Dynamic Analysis
• Existence and Stability Conditions of Equilibrium
• Computational Techniques • Simulation Modeling
• Miscellaneous Mathematical Tools
• Input–Output Models
• Computable General Equilibrium Models
• Other

Core questions

• What mathematical tools underpin economic analysis?
• How are dynamic optimization problems solved?
• How is computation used in economics?

Key concepts

• Optimization
• Dynamic programming
• Computational economics
• Simulation
• Mathematical modelling

Frequently asked questions

What is dynamic programming?

A method for solving sequential optimization problems by breaking them into recursive subproblems, widely used in economics.