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: Tiago Branco Andrade,
Fabio Verona (),
Gonçalo Faria () and
Vasco Leite ()
FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto
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
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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