Penn State

Jenny X. Li - Associate Professor of Mathematics and Economics, Penn State University Park

Book Title: Numerical Methods in Economics

Author: Kenneth L. Judd

Book Description:

This book is an impressive contribution not only for its breadth but also for its mathematical depth and sophistication. It is an eminently practical "cookbook" filled with many clearly described recipes for solving a broad variety of models in fields ranging from economic theory and macroeconomic to public economics.

This book is a master work written by a giant in the field. Here are very fast computational methods tailor-made for economics. These methods will enable researchers to dispense with artificial assumptions made in the past. The power of the methods is illustrated by many examples.


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