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• Courses Taught
  • AEB 4138 — Advanced Agribusiness Managment
  • AEB 6145 — Agricultural Finance
  • AEB 7182 — Agricultural Risk Analysis and Decision Making
  • AEB 6933 — Applied Demand - Econometrics Seminar
  • AEB 5188 — Economics of Agribusiness (Applied Microeconomics)
  • AEB 4511 — Mathematics for Food and Resource Economics
  • AEB 6533 — Static and Dynamic Optimization (Applied Optimization)
  • AEB 7184 — Production Economics
  • AEB 7504 — Mathematical Statistics for Econometrics
  • AEB 7571 — Principles of Econometrics
  • AEB 6592 — Mathematical Programming for Economic Analysis
  • AEB 6933 — Computational Economics (2012)
  • FIN 6446 — Financial Theory I
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  • Work on Computational Economics Course

Charles Moss • Computational Economics ^*

Purpose: This course introduces the students to the applied numerical economics in agricultural and applied economics including computable general equilibrium analysis, finite games, nonlinear pricing models, dynamic programming, and welfare analysis.

Textbook

• Kendrick, D.A., P.R. Mercado, and H. M. Amman. 2005. Computational Economics Princeton University Press.

Several pieces of software will be useful:

• Simply Fortran A fortran compiler based on GNU/GCC (register for $25).
  • Fortran Programming Tutorial
• GAMS .
• LaTeX for word processing LaTeX for Beginners
• Mathematica - available annual , semester , or perpetual .
• Visual C++ Express.

Outline

• Basics of computational analysis
  • Lecture I: Computational Versus Analytical Economics. pdf Notes , Overheads , WMA Audio , mp3 Audio .
  • Lecture II: An Introduction to Computational Problems in Economics – Numeric Integration pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Purvis, A., W.G. Boggess, C.B. Moss, and J. Holt. 1995. Technology Adoption Decisions Under Irreversibility and Uncertainty: An Ex Ante Approach. American Journal of Agricultural Economics 77(3), 541-551. JSTOR .
    • Moss, Charles B. 2012. Cash Basis versus Market Valued Balance Sheets – An Application of Stochastic Differential Equations. Department of Food and Resource Economics, University of Florida Working Paper.
    • Ramirez, Octavio A., Charles B. Moss, and William G. Boggess. 1997. A Stochastic Optimal Control Formulation of the Consumption/Debt Decision. Agricultural Finance Review 57, 29-38. pdf File .
    • Spreadsheet to draw normal random variables Excel Spreadsheet .
  • Lecture III: Introduction to Computational Problems in Economics — Computable General Equilibrium. pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Moss, Charles B. and Troy G. Schmitz. 2011. The Potential Effect of Ethanol on the U.S. Economy: A General Equilibrium Approach. In The Economics of Alternative Energy Sources and Globalization pp. 35-49 Oak Park, Illinois: Bentham eBooks.
  • Lecture IV: Computer Structure and Basic Programming pdf Notes , Overheads , WMA Audio , mp3 Audio
    • This lecture will cover the basic structure of the computer and standard ways of interacting with the computer. Most students are proficient users of computer applications (i.e., Word, Excel, Gauss), but have little experience with actual computer programming. In this lecture I develop the difference between compiled computer code and interpreters as well as differences between the "levels" of computer coding.
    • Simple Fortran code example01-01.for
    • Subroutines in Fortran example01-02.for
  • Lecture V: Introduction to Programming Using Fortran pdf notes , Overheads , WMA Audio , mp3 Audio .
    • Math Department in Utah
    • Notes from Steven Brooks
    • Example01-03.for
    • Example01-04.for
  • Online Learning Session I: Using Simply Fortran and LaTeX Overheads , OnlineExample01.for , OnlineExample02.for Recording .
    • MiKTeX 2.9
    • LAPACK - Linear Algebra PACKage (A collection of Fortran subroutines for linear algebra) LAPACK
  • Lecture VI: Numeric Integrals - Adena Springs pdf Notes , Overheads WMA Audio , mp3 Audio .
    • Assignment 1 — Due midnight September 10, 2012.
  • Lecture VII: Numeric Integrals – Historical Cost versus Market Value Accounting pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Simulated Annealing for drawing firm coefficients SimAnneal01.for .
    • Simulated Annealing for distribution function SimAnneal02.for .
  • Lecture VIII: Simulated Annealing Wrap-up Lecture Notes , Overheads , WMA Audio , mp3 Audio .
  • Online Learning Session II: Option Pricing of Debt Contracts Overheads , pdf Notes , Recording .
    • Random Normal Subroutine rndnorm.for .
    • Cumulative Normal Data CumNorm.dta .
    • Simple Normal Distribution Online02-01.for .
    • Call Option (100 draws) Online02-02.for .
    • Call Option (150 draws) Online02-03.for .
    • Put Option on debt Online02-04.for .
  • Lecture IX: Weierstrass's Theorem pdf Notes , Overheads , WMA Audio , mp3 Audio .
  • Lecture X: Introduction to Multivariate Unconstrained and Constrained Optimality pdf Notes , Overheads , WMA Audio , mp3 Audio .
  • Lecture XI: First Pass at Nonlinear Constraints pdf Notes , Overheads , WMA Audio , mp3 Audio .
  • Online Learning Session III: Projections and Libraries Overheads , Recording .
    • Numeric Recipes in Fortran 77 Single Value Decomposition .
    • Program Including FUNOBJ and FUNCON Online03.for .
    • Program Without FUNOBJ and FUNCON Online03-01.for .
    • Program Containing Only FUNOBJ and FUNCON Online03-02.for .
    • Numerical Recipe Subroutine for Single Value Decomposition svdcmp.for .
    • Single Value Decomposition compiled into a Library svdcmp.a .
    • Data for Online03 Online03.dta .
  • Lecture XII: Example and Null Space pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Assignment 2 – Due Midnight September 24, 2012.
    • Excellent source on the computation of the Singular Value Decomposition of a matrix Singular Value Decomposition Tutorial .
  • Lecture XIII: Linear Constraints – Gradient and Lagrange pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • R Code for Singular Value Decomposition R Code .
  • Lecture XIV: Linear Inequality Constraints pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Fortran code for utility with circular constraint Utility09-21-12.for .
    • Minos - Specs file for utility with circular constraint Utility09-21-12.spc .
    • Minos 5.5 User's Guide .
  • Online Learning Session IV: Newton's Method and Minos Overheads , Recording .
    • Simple Newton's Application Online04-01.for .
    • Minos Application - Fortran Code Online04-02.for .
    • Minos Applicaiton - Specs file Online04-02.spc .
  • Lecture XV: Necessary and Sufficient Conditions under Nonlinear Constraints pdf Notes , Overheads , WMA Audio , mp3 Audio .
  • Lecture XVI: Finding the Minimum Using Newton's Method pdf Notes , Overheads , WMA Audio , mp3 Audio .
  • Lecture XVII: Unconstrained to Constrained Algorithm pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Mathematical Notebook Lecture17-2012.nb .
  • Online Learning Session V: Constrained and Linearly Constrained Algorithm - Mathematica Online05.nb , Recording .
  • Lecture XVIII: Linear Equality Algorithm and the Inequality Constraint pdf Notes , Overheads , WMA Audio , mp3 Audio .
  • Lecture XIX: Linear Inequality Constraint and Nonlinear Algorithms pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Mathematica Notebook Lecture19-2012.nb .
  • Lecture XX: Nonlinear Constraints -- Barrier Function and the Projected Augmented Lagrangian pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Mathematica Notebook Lecture20-2012.nb (Adobe file of Mathematica Lecture20-2012nb.pdf ).
  • Online Learning Session VI: Nonlinear Constraints -- Conditions Overheads , Recording .
    • Online Notes pdf Notes .
    • Mathematica Notebook Online06.nb .
  • Lecture XXI: Conjugate Gradient Routines pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Conjugate Gradient Prototype Algorithms Lecture21-2012.nb .
  • Lecture XXII: Advanced Topics in Nonlinear Optimization — Genetic Algorithms pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Simple Genetic Algorithm Lecture22-2012.nb .
  • Lecture XXIII: Advanced Topics in Nonlinear Optimization — Interior Point Algorithms pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Mathematica Notebook Lecture23-2012.nb .
    • Interior Methods for Nonlinear Optimization Forsgren, Gill, and Wright .
    • Interior-Point Methods for Optimization Nemirovski and Todd .
    • Feasible Interior Methods Using Slacks for Nonlinear Optimzation Byrd, Nocedal, and Waltz .
    • Interior-POint Methods for Nonconvex Nonlinear Programming: Primal-Dual Methods and Cubic Regularization Benson and Shanno .
    • A Penalty-Interior-Point Algorithm for Nonlinear Constrained Optimization Curtis .
    • Interior Point Methods for Nonlinear Optimzation Polik and Terlaky .
  • Online Learning Session VII: Advanced Nonlinear Optimization Online07-2012.nb , Recording .
  • Lecture XXIV: An Introduction to GAMS pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Zenios, S.A. 1996. Modeling Languages in Computational Economics: GAMS. In Handbook of Computational Economics eds. Amman, H.M., D.A. Kendrick, and J. Rust. Elsevier, 471-488. ScienceDirect
    • Simple Sector Level Model — Mathematica Lecture24-2012.nb .
    • Simple Sector Level Model — GAMS Lecture24-2012.gms .
  • Lecture XXV: Midterm Examination and Gauss-Seidel Overheads , WMA Audio , mp3 Audio .
    • Gauss-Seidel Notebook Lecture25-2012.nb .
    • Midterm Examination Midterm-2012.pdf .
  • Lecture XXVI: Applied Sabbatical &mdash Paper Presentation WMA Audio , mp3 Audio .
    • Briggeman, B.C. and C.B. Moss. 2012. Measuring Changes in the Structure of Farm Debt using Information Theory: The Role of ARMS Overheads .
    • Bampasidou, M. and C.B. Moss. 2012. Explaining Differences in Farmland Values based on Quality of Land: A Cointegration Analysis of Indiana Farmland Values Overheads .
  • Lecture XXVII: Varian on Mathematica Lecture27-2012.nb , WMA Audio , mp3 Audio .
    • Varian, H.R. 1996. Mathematica for Economists. In Handbook of Computational Economics eds. Amman, H.M., D.A. Kendrick, and J. Rust. Elsevier, 489-505. ScienceDirect
    • Midterm Mathematical notebook for Question 1 MidTermQ1-2012.nb .
    • Midterm Fortran File for Question 2 in Minos MidTermQ2.for .
    • Midterm Specs File for Question 2 in Minos midtermq2.spc .
    • Midterm Output File for Question 2 from Minos midtermq2.out .
    • Midterm Mathematica notebook for Question 2 MidTermQ2.nb .
• Computable General Equilibrium
  • Lecture XXVIII: An Overview of Computable General Equilibrium pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Dixon, P.B. and B.R. Parmenter. 1996. Computable General Equilibrium Modeling for Analysis and Forecasting. In Handbook of Computational Economics eds. Amman, H.M., D.A. Kendrick, and J. Rust. Elsevier, 3-85. ScienceDirect .
  • Lecture XXIX: Fixed Points and CES Functions pdf Notes , Overheads WMA Audio , mp3 Audio .
  • Lecture XXX: CES Demand and Construction of the CGE Model pdf Notes , Overheads , WMA Audio , mp3 Audio .
  • Online Learning Session VIII: GAMS and Computable General Equilibrium EthanolCGE11-10-09.gms , Online08-2012.gms .
• Input-Output Models
  • Lecture XXXI: Input-Output Analysis, Leontief and Impact Multipliers pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Leontief, W. 1944. Output, Employment, Consumption, and Investment. Quarterly Journal of Economics 58(2), 290-314. JSTOR .
    • Leontief, W. 1986. Input-Output Economics New York: Oxford University Press. Google Books .
  • Lecture XXXII: Input-Output Multipliers and IMPLAN pdf Notes , Overheads , WMA Audio , mp3 Audio .
• Finite Games
  • Lecture XXXIII: An Introduction to Finite Games pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • McKelvey, D. and A. McLennan. 1996. Computation of Equilibria in Finite Games. In Handbook of Computational Economics eds. Amman, H.M., D.A. Kendrick, and J. Rust. Elsevier, 87-142. ScienceDirect
  • Lecture XXXIV: Digging into Numerical Game Theory pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Gambit: Software Tools for Game Theory Software .
    • Prisoner's Dilemma Code for Gambit SimplePrisioner.gbt .
  • Lecture XXXV: Finding One Nash Equilibrium pdf Notes , Overheads , WMA Audio , mp3 Audio .
• Nonlinear Pricing and Mechanism Design
  • Lecture XXXVI: Nonlinear Pricing and Mechanism Design pdf Notes , Overheads WMA Audio , mp3 Audio .
    • Wilson, R. 1996. Nonlinear Pricing and Mechanism Design. In Handbook of Computational Economics eds. Amman, H.M., D.A. Kendrick, and J. Rust. Elsevier, 87-254. ScienceDirect
  • Lecture XXXVII: Functions, Functionals and Solving the Nonlinear Pricing Model pdf Notes , Overheads , WMA Audio , mp3 Audio .
• Approximation in Economic Analysis
  • Lecture XXXVIII: Numerical Approximation of Production Functions pdf Notes , Overheads , WMA Audio , mp3 Audio .
    • Judd, K.L. 1996. Approximation, Perturbation, and Projection Methods in Economic Analysis. In Handbook of Computational Economics eds. Amman, H.M., D.A. Kendrick, and J. Rust. Elsevier, 509-585.
    • Approximating the CES Function Mathematica Notebook .
• Dynamic Analysis
  • Rust, J. 1996. Numerical Dynamic Programming in Economics. In Handbook of Computational Economics eds. Amman, H.M., D.A. Kendrick, and J. Rust. Elsevier, 620-726.
• Agent Based Models
  • Tesfatsion, L. 1996. Agent-Based Computational Economics: A Constructive Approach to Economic Theory. In Handbook of Computational Economics eds. Amman, H.M., D.A. Kendrick, and J. Rust. Elsevier, 831-880.

^* This material represents teaching material designed and provided by Charles B. Moss and is not the affiliated with the University of Florida. The University of Florida is not responsible for its content.

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