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A Beginner’s Guide to Dynamic Optimization in Economics
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A Beginner’s Guide to Dynamic Optimization in Economics

Book Details

Format Hardback or Cased Book
ISBN-10 3032093732
ISBN-13 9783032093738
Publisher Springer Nature Switzerland AG
Imprint Springer Nature Switzerland AG
Country of Manufacture GB
Country of Publication GB
Publication Date Dec 2nd, 2025
Print length 172 Pages
Weight 402 grams
Dimensions 16.10 x 24.50 x 1.60 cms
Ksh 5,400.00
Werezi Extended Catalogue 0 in stock

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This book introduces the basic concepts and tools of dynamic optimization as used in economics. Numerous examples from the economics literature are presented, along with reference to key historical developments in the fields of microeconomics, macroeconomics, natural resource economics and other sub-disciplines.
This book introduces the basic concepts and tools of dynamic optimization as used in economics. The book emphasizes intuition, gradually adding small doses of mathematical development as needed to provide an accessible stand-alone introduction to the topic. All three primary approaches to dynamic optimization are covered: the calculus of variations, optimal control theory and dynamic programming. Numerous examples from the economics literature are presented, along with reference to key historical developments in the fields of microeconomics, macroeconomics, natural resource economics and other sub-disciplines. Written in an informal and readable style, the book focuses on building intuition alongside mathematical rigor in order to establish a foundation for more advanced treatment and study. 

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