Computational economics

Definition of Computational economics

Computational economics that is the meeting point of computer science and economic and management science. In rapid development of computer technology gives opportunity to computational economics that many economists used computational methods through computers with the intent of contributing to various areas of economics such as econometrics and general equilibrium, economic growth, static and dynamic optimization problems.

Books on Computational economics

Book 1:

Applied Computational Economics and Finance By Mario J. Miranda, Paul L. Fackler (published by MIT Press, 2002)

Book 2:

Computational Economics By David A. Kendrick, P. Ruben Mercado, Hans M. Amman (published by Princeton University Press, 2011)

How Computational economics works?

There are various interest groups in Computational economics which are, agent-based computational modeling, computational finance, computational tools for the design of automated internet markets, computational econometrics and statistics, computational modeling of dynamic macroeconomic system, pedagogical tools for the teaching of computational economics, and programs tools specially designed for computational economics.

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