The objective of this manuscript is to provide a simple guide to instructors and students on how to solve and simulate a discrete-time specification of the Life-Cycle/Permanent-Income Model of Consumption and Saving (LCPI Model) using only algebra and basic calculus. The solution and simulation...

This textbook provides all tools required to easily solve intertemporal optimization problems in economics, finance, business administration and related disciplines. The focus of this textbook is on 'learning through examples' and gives a very quick access to all methods required by an...

Monotone methods enable comparative static analysis without the restrictive assumptions of the implicit function theorem. Ease of use and flexibility in solving comparative static and game theory problems have made monotone methods popular in the economics literature and in graduate courses, but...

This paper demonstrates how simple general equilibrium models can be solved with the help of Microsoft Excel. Two different general equilibrium models for tax incidence analysis are used as illustrative examples. The methods presented here are intended to be beneficial to both students and...

Dynamic optimization is widely used in financial economics, macroeconomics and resource economics. This is accounting for some friction between the undergraduate and graduate teaching of economics because most undergraduate programs still concentrate on static economic analysis. This paper shows...

In introductory and even intermediate courses, the cobweb model is the reference dynamic model to justify market equilibrium and to illustrate how market equilibrium can be reached. Nonetheless, the cobweb model has at least two unattractive features: (i) that, in requiring at each time equality...

Few textbooks in mathematical economics cover optimal timing problems. Those which cover them do it scantly or in a rather clumsy way, making it hard for students to understand and apply the concept of optimal time in new contexts. Discussing the plentiful illustrations of optimal timing...

Dynamic optimization is widely used in financial economics, macroeconomics and resource economics. This is accounting for some tension between the undergraduate and graduate teaching of economics because most undergraduate programs still concentrate on static economic analysis. This paper shows...

The primary aim of this presentation is to introduce my new book "Low Latency Interest Rate Markets" and expose the reader to the theory and practice of interest rate markets. Interest rate markets exist to support government, corporate and project finance, however the financing of large-scale...

Dynamic optimization is widely used in financial economics, macroeconomics and resource economics. This is accounting for some tension between the undergraduate and graduate teaching of economics because most undergraduate programs still concentrate on static economic analysis. This paper shows...