{"product_id":"optimal-control-theory-and-static-optimization-in-economics-daniel-leonard-university-of-new-south-wales-sydney-9780521337465","title":"Optimal Control Theory and Static Optimization in Economics","description":"\u003cp\u003eThis textbook, written by Daniel Leonard from the University of New South Wales, focuses on optimal control theory and is designed to make this complex subject accessible to economists. It covers both basic concepts and advanced topics in optimal control and control theory in an economic context.\u003c\/p\u003e\u003ch3\u003eDescription\u003c\/h3\u003e\u003cp\u003eOptimal control is an increasingly important method in economics for analyzing optimal decisions in multi-period models. This book combines clear economic intuition with rigorous theoretical foundations. Step by step, fundamental principles are developed, followed by topics such as control parameters, jumps in state variables, and constrained state spaces. Optimal control is introduced directly without the calculus of variations, which is discussed in a separate chapter along with dynamic programming. Economic optimizations and static optimizations are presented side by side. It also covers important methods such as the envelope theorem and comparative statics, making this book useful for different economics courses. No prior knowledge of differential equations is required.\u003c\/p\u003e\u003ch3\u003eProduct information\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cul\u003e\u003cli\u003e\u003cstrong\u003eAuthor:\u003c\/strong\u003e Daniel Leonard (University of New South Wales, Sydney)\u003c\/li\u003e\u003cli\u003e\u003cstrong\u003ePublisher:\u003c\/strong\u003e Cambridge University Press\u003c\/li\u003e\u003cli\u003e\u003cstrong\u003eBinding:\u003c\/strong\u003e Trade paperback (US)\u003c\/li\u003e\u003cli\u003e\u003cstrong\u003ePublication date:\u003c\/strong\u003e 1992-01-31\u003c\/li\u003e\u003cli\u003e\u003cstrong\u003eNumber of pages:\u003c\/strong\u003e 368\u003c\/li\u003e\u003cli\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 9780521337465\u003c\/li\u003e\u003cli\u003e\u003cstrong\u003eSubject:\u003c\/strong\u003e Macroeconomics\u003c\/li\u003e\u003cli\u003e\u003cstrong\u003eBISAC:\u003c\/strong\u003e BUSINESS \u0026amp; ECONOMICS \/ Economics \/ Macroeconomics\u003c\/li\u003e\u003cp\u003e\u003c\/p\u003e\u003c\/ul\u003e","brand":"Intertaal","offers":[{"title":"Default Title","offer_id":56354519056724,"sku":"9780521337465","price":76.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0967\/0538\/0692\/files\/optimal-control-theory-and-static-optimization-economics-boek-942.webp?v=1783598994","url":"https:\/\/intertaalid.nl\/en\/products\/optimal-control-theory-and-static-optimization-in-economics-daniel-leonard-university-of-new-south-wales-sydney-9780521337465","provider":"Intertaal","version":"1.0","type":"link"}