Numerical solution of linear models in economics: The SP-DG model revisited

T. Andrade, G. Faria, V. Leite, F. Verona, M. Viegas, Oscar Afonso and P.B. Vasconcelos ()
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T. Andrade, G. Faria, V. Leite, F. Verona, M. Viegas: PhD students at Universidade do Porto, Portugal
P.B. Vasconcelos: CMUP and Faculdade de Economia da Universidade do Porto, Portugal
Authors registered in the RePEc Author Service: Vasco Leite (), Tiago Branco Andrade, Gonçalo Faria and Fabio Verona

FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto

Abstract: In general, complex and large dimensional models are needed to solve real economic problems. Due to these characteristics, there is either no analytical solution for them or they are not attainable. As a result, solutions can be only obtained through numerical methods. Thus, the growing importance of computers in Economics is not surprising. This paper focuses on an implementation of the SP-DG model, using Matlab,developed by the students as part of the Computational Economics course. We also discuss some of our teaching/learning experience within the course, given for the first time in the FEP Doctoral Programme in Economics.

Keywords: SP-DG Model; Output; Inflation; Numerical Simulation; Teaching of Economics (search for similar items in EconPapers)
JEL-codes: A12 A23 C61 C63 E24 E31 E32 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2007-10
New Economics Papers: this item is included in nep-cmp, nep-hpe and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:por:fepwps:249

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