Modeling Dynamic Economic Systems by Bruce Hannon

Modeling Dynamic Economic Systems

Modeling Dynamic Economic Systems Book Summary

Economics is the way in which resources and the technology are there to meet human needs. For understanding the dynamic processes in the economic systems. Modeling Dynamic Economic Systems by Matthias Ruth, Bruce Hannon concentrates on the use and the extraction of the natural resources. You will also learn how these resources can meet the economic needs. This is an implementable text which will help you in understanding the methods for dynamic modeling in the microeconomics models of firms, economics as well as modeling the use of renewable and nonrenewable resources in the economic models. Although the book deals with computer science and mathematics. But, there is no need to have a strong background in computer and mathematics. This book also focusses on the STELLA Software which is used to model the dynamic economic systems. Also on how to make decisions about the performance of the economy and the quality of the environment. It is a very reliable and implementable resource on the economics and the dynamic economic systems. In addition, it is equally helpful for both the students and the professionals.

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