Equilibrium and Economic Theory PDF Download

Author: Giovanni Alfredo Caravale
Publisher: Routledge
ISBN: 1134764367
Category : Business & Economics
Languages : en
Pages : 264

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Book Description
This book considers the treatment of equilibrium by several of the most important schools of thought in economics, including: * neoclassical economics, * the neo-Ricardian economics, * Post-Keynesian economics - both those who follow Joan Robinson in denying any interpretative role to equilibrium in economic theorizing and those who use the notion of equilibrium, but re-defined from a Classical or Keynesian perspective.

Author: Valeria Mosini
Publisher: Routledge
ISBN: 1134165870
Category : Business & Economics
Languages : en
Pages : 311

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Book Description
General Equilibrium Theory, which became the dominating paradigm after the Second World War, is founded on the postulated existence, uniqueness, and stability of equilibrium in economic processes. Since then, the concept has come under sustained attack from all points of the heterodox compass, from Austrian economists to Marxists. Partly in response to these pressures, mainstream economics has changed and moved away from the rigid framework of GET. Nonetheless, economists are continually arguing in terms of equilibrium and the existence of a variety of equilibrium concepts continues to stir controversy. The contributions in this book, which include articles from Tony Lawson, Ivor Grattan-Guinness and Roger Backhouse, highlight current notions of equilibrium in economics and provide a guide to understanding the links between economic theory and economic reality.

Author: Lawrence A. Boland
Publisher: Oxford University Press
ISBN: 0190274336
Category : Business & Economics
Languages : en
Pages : 289

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Book Description
The purpose and problems for equilibrium models -- Equilibrium models and explanation -- Equilibrium attainment vs. equilibrium necessities -- Does general equilibrium attainment imply universal maximization? -- Time and knowledge matters : general equilibrium attainment -- Equilibrium concepts and critiques : two cultures -- The limits of equilibrium models -- Recognizing knowledge in equilibrium models -- Limits of equilibrium methodology an educational dialogue -- Equilibrium models vs. realistic understanding -- Macroeconomic equilibrium model building and the stability problem -- Equilibrium models intended to overcome limits -- Equilibrium models vs. evolutionary economic models -- Equilibrium models vs. complexity economics -- Building models of price dynamics -- Building models of non-clearing markets -- Building models of learning and the equilibrium process -- Bibliography -- Names index -- Subject index

Author: David Besanko
Publisher: John Wiley & Sons
ISBN: 1118572270
Category : Business & Economics
Languages : en
Pages : 818

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Book Description
Business professionals that struggle to understand key concepts in economics and how they are applied in the field rely on Microeconomics. The 5th edition makes the material accessible while helping them build their problem-solving skills. It includes numerous new practice problems and exercises that arm them with a deeper understanding. Learning by Doing exercises explore the theories while boosting overall math skills. Graphs are included throughout the mathematical discussions to reinforce the material. In addition, the balanced approach of rigorous economics gives business professionals a more practical resource.

Author: Peeter Joot
Publisher: Peeter Joot
ISBN:
Category : Science
Languages : en
Pages : 407

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Book Description
This document is based on my lecture notes for the Winter 2013, University of Toronto Basic Statistical Mechanics course (PHY452H1S), taught by Prof. Arun Paramekanti. Official course description: “Classical and quantum statistical mechanics of noninteracting systems; the statistical basis of thermodynamics; ensembles, partition function; thermodynamic equilibrium; stability and fluctuations; formulation of quantum statistics; theory of simple gases; ideal Bose and Fermi systems.” This document contains: • Plain old lecture notes. These mirror what was covered in class, possibly augmented with additional details. • Personal notes exploring details that were not clear to me from the lectures, or from the texts associated with the lecture material. • Assigned problems. two problem sets. • Some worked problems attempted as course prep, for fun, or for test preparation, or post test reflection. • Links to Mathematica workbooks associated with these notes.

Author: Jozsef Beck
Publisher: World Scientific
ISBN: 9811225575
Category : Mathematics
Languages : en
Pages : 448

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Book Description
We know very little about the time-evolution of many-particle dynamical systems, the subject of our book. Even the 3-body problem has no explicit solution (we cannot solve the corresponding system of differential equations, and computer simulation indicates hopelessly chaotic behaviour). For example, what can we say about the typical time evolution of a large system starting from a stage far from equilibrium? What happens in a realistic time scale? The reader's first reaction is probably: What about the famous Second Law (of thermodynamics)?Unfortunately, there are plenty of notorious mathematical problems surrounding the Second Law. (1) How to rigorously define entropy? How to convert the well known intuitions (like 'disorder' and 'energy spreading') into precise mathematical definitions? (2) How to express the Second Law in forms of a rigorous mathematical theorem? (3) The Second Law is a 'soft' qualitative statement about entropy increase, but does not say anything about the necessary time to reach equilibrium.The object of this book is to answer questions (1)-(2)-(3). We rigorously prove a Time-Quantitative Second Law that works on a realistic time scale. As a by product, we clarify the Loschmidt-paradox and the related reversibility/irreversibility paradox.

Author: S. Sieniutycz
Publisher: Springer Science & Business Media
ISBN: 9401110840
Category : Mathematics
Languages : en
Pages : 467

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Book Description
This study is one of the first attempts to bridge the theoretical models of variational dynamics of perfect fluids and some practical approaches worked out in chemical and mechanical engineering in the field newly called thermo-hydrodynamics. In recent years, applied mathematicians and theoretical physicists have made significant progress in formulating analytical tools to describe fluid dynamics through variational methods. These tools are much loved by theoretists, and rightly so, because they are quite powerful and beautiful theoretical tools. Chemists, physicists and engineers, however, are limited in their ability to use these tools, because presently they are applicable only to "perfect fluids" (i. e. those fluids without viscosity, heat transfer, diffusion and chemical reactions). To be useful, a model must take into account important transport and rate phenomena, which are inherent to real fluid behavior and which cannot be ignored. This monograph serves to provide the beginnings of a means by which to extend the mathematical analyses to include the basic effects of thermo-hydrodynamics. In large part a research report, this study uses variational calculus as a basic theoretical tool, without undo compromise to the integrity of the mathematical analyses, while emphasizing the conservation laws of real fluids in the context of underlying thermodynamics --reversible or irreversible. The approach of this monograph is a new generalizing approach, based on Nother's theorem and variational calculus, which leads to the energy-momentum tensor and the related conservation or balance equations in fluids.

Author: Barbara R. Greenberg
Publisher: Bloomsbury Publishing USA
ISBN: 0313095795
Category : Education
Languages : en
Pages : 413

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Book Description
Integrate chemistry and art with hands-on activities and fascinating demonstrations that enable students to see and understand how the science of chemistry is involved in the creation of art. Investigate such topics as color integrated with electromagnetic radiation, atoms, and ions; paints integrated with classes of matter, specifically solutions; three-dimensional works of art integrated with organic chemistry; photography integrated with chemical equilibrium; art forgeries integrated with qualitative analysis; and more. This is a complete and sequential introduction to General Chemistry and Introductory Art topics. In this newly revised edition, the author, a retired Chemistry teacher, gives extensive and in-depth new explanations for the experiments and demonstrations, as well as expanded safety instructions to insure student safety. Grades 7-12.

Author: Stephen DeMeo
Publisher: Universal-Publishers
ISBN: 1627347119
Category : Science
Languages : en
Pages : 371

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Book Description
This text is a chemistry problem solving resource appropriate for teachers and their students who are enrolled in high school Advanced Placement Chemistry or in a first-year college General Chemistry course. The book incorporates a chemistry problem solving plan, one that uses an innovative graphic organizer strategy. The strategy - successfully evaluated with students - combines problem solving processes with chemical concepts that will allow students to solve the most common and difficult problems encountered in the first year of chemistry. Topical problem solving will focus on limiting reactant stoichiometry, identifying types of chemical reactions, equilibrium, acid-base equilibria, and electrochemistry. Why would this resource be of interest to chemistry students? To be successful (to get into a well known college, medical school, physical therapy or graduate program) often requires that students get an "A" in your pre-requisite Introductory General Chemistry course. To make matters worse, many college professors feel that only a few students should get A grades, and therefore, they give difficult exams that many students fail; this is the weeding out process that every pre-health student is apprehensive about. To succeed in this competitive environment entails not just studying harder or longer, it means re-organizing textbook content so that it is meaningful to the student. This is the first text of its kind to employ a reliable, research-based strategy that incorporates a decision-based visual tool to solve chemistry textbook problems, ones that can make or break a career.

Author: Jeff Kuo
Publisher: CRC Press
ISBN: 1040107842
Category : Science
Languages : en
Pages : 345

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Book Description
This book aims to be the preeminent university chemistry textbook for environmental engineers. It provides undergraduate and graduate environmental engineering students with basic concepts and practical knowledge about chemistry that they would need in their professional careers. It focuses on the fundamental concepts of chemistry and its practical applications (e.g., understanding fate and transport of chemicals/pollutants in the environmental as well as the chemical/physicochemical processes applied in environmental engineering industry). This book also serves as a valuable resource for entry-level professionals to solidify their fundamental knowledge in environmental engineering chemistry. This book Presents the fundamentals of chemistry with focus on the needs of environmental engineers. Explains how an understanding of chemistry allows readers a better understanding of the fate and transport of chemicals in the environment as well as various treatment processes. Examines the fundamentals of chemical reaction equilibrium from learning the basics of thermodynamics. Presents the basic types and designs of reactors as well as reaction kinetics.