Fundamentals of Matlab For Economic Modelling

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This book explains the basic concepts and applications of MATLAB for economics employing the following outline:Chapter 1: What is MATLAB®? An OverviewDive into the world of MATLAB® in this opening chapter, where you’ll discover that MATLAB® is more than just software—it’s a versatile computational environment specifically designed for engineers, scientists, and economists. Learn how its interactive, user-friendly interface empowers you to effortlessly perform complex calculations and create sophisticated models.Chapter 2: Mathematical Operations in MATLAB®Delve into the core of MATLAB® with its unparalleled mathematical capabilities. From basic arithmetic to advanced calculus, MATLAB® equips you to manipulate and analyse data effortlessly. These foundational skills serve as the building blocks for advanced modelling and analysis techniques.Chapter 3: Plotting OperationsVisualization is key in economic modelling, and in Chapter 3, you’ll explore MATLAB®’s proficiency in 2-dimensional and 3-dimensional plotting. Witness how MATLAB®’s rich graphics capabilities allow you to present complex economic concepts in an accessible and insightful visual manner.Chapter 4: Custom FunctionsDiscover the backbone of MATLAB®’s flexibility in Chapter 4. Learn to create your own functions with input and return arguments, fostering reusability and modularity in your economic models. These custom functions encapsulate your modelling logic, offering a powerful tool in your toolkit.Chapter 5: Time Series AnalysisUnravel the intricacies of time-dependent economic data in Chapter 5. Explore stationarity tests, time series decomposition, and the application of least squares linear regression in MATLAB®. Equip yourself with the essential tools for analysing and predicting economic trends using ARIMA modelling and forecasting.Embark on a comprehensive journey through MATLAB®, mastering the skills and techniques necessary for insightful economic modelling and analysis. Whether you’re an engineer, scientist, or economist, this guide unlocks the full potential of MATLAB® for your economic insights.

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