This substantially revised and restructured second edition of an essential textbook presents dynamics and phase diagrams for advanced undergraduate and graduate courses in economic theory and quantitative economics. It offers an integrated analysis of dynamics that includes many more exercises and examples and a more comprehensive range of applications to economic theory. The user-friendly text is supported by a companion website offering a solutions manual and learning tools for teachers, students and researchers. First Edition Hb (1997): 0-521-47446-9 First Edition Pb (1997): 0-521-47973-8

This is an examples-driven treatment of introductory economic dynamics for students with a basic familiarity of spreadsheets. Shone approaches the subject with the belief that true understanding of a subject can only be achieved by students themselves setting out a problem and manipulating it experimentally. Although all economics students now have access to spreadsheets, they are often used for little more than graphing economic data. This book encourages students to go several stages further and set up and investigate simple dynamic models. A web-site for students and instructors is...