Microeconomic Theory and Computation

Applying the Maxima Open-Source Computer Algebra System

  • Michael R. Hammock
  • J. Wilson Mixon

Table of contents

  1. Front Matter
    Pages i-xix
  2. Michael R. Hammock, J. Wilson Mixon
    Pages 1-35
  3. Michael R. Hammock, J. Wilson Mixon
    Pages 37-67
  4. Michael R. Hammock, J. Wilson Mixon
    Pages 69-85
  5. Michael R. Hammock, J. Wilson Mixon
    Pages 87-117
  6. Michael R. Hammock, J. Wilson Mixon
    Pages 119-138
  7. Michael R. Hammock, J. Wilson Mixon
    Pages 139-152
  8. Michael R. Hammock, J. Wilson Mixon
    Pages 153-167
  9. Michael R. Hammock, J. Wilson Mixon
    Pages 169-183
  10. Michael R. Hammock, J. Wilson Mixon
    Pages 185-205
  11. Michael R. Hammock, J. Wilson Mixon
    Pages 207-219
  12. Michael R. Hammock, J. Wilson Mixon
    Pages 221-246
  13. Michael R. Hammock, J. Wilson Mixon
    Pages 247-280
  14. Michael R. Hammock, J. Wilson Mixon
    Pages 281-301
  15. Michael R. Hammock, J. Wilson Mixon
    Pages 303-331
  16. Michael R. Hammock, J. Wilson Mixon
    Pages 333-361
  17. Michael R. Hammock, J. Wilson Mixon
    Pages 363-377
  18. Michael R. Hammock, J. Wilson Mixon
    Pages E1-E1
  19. Back Matter
    Pages 379-385

About this book

Introduction

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.

Keywords

Computational Economics Economic Models Mathematical Analysis Maxima Microeconomics

Authors and affiliations

  • Michael R. Hammock
    • 1
  • J. Wilson Mixon
    • 2
  1. 1.Dept. of Economics and FinanceMiddle Tennessee State UniversityMurfreesboroUSA
  2. 2.Berry CollegeMount BerryUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4614-9417-1
  • Copyright Information Springer Science+Business Media New York 2013
  • Publisher Name Springer, New York, NY
  • eBook Packages Business and Economics
  • Print ISBN 978-1-4614-9416-4
  • Online ISBN 978-1-4614-9417-1
  • About this book