A Review on Computational Economics and Finance Teaching
Volume 7 Issue 2 2013
Download| Author(s): | M. Arif Hussain, Sycd Murshid, Sycd Ahmed Hassan |
|---|---|
| Abstract | Advances in computing have changed the traditional teaching styles at colleges and universities. There are many computational subjects like, computational physics, computational mathematics, computational statistics, computational economics, computational finance, computational chemistry, computational biology, computational geophysics, etc. From an academic point of view, some of this research challenges fundamental concepts in economics and finance. Students, teachers, and researchers gain belter insight into the lluctuating behavior of financial markets by using methods of computational finance and economics. Moreover, researchers have also shown that the computational medium is affecting the degree of students learning. One can learn effectively problem solving using computational tools. Current communication reviews the use of computer application software, Matlab, for the solutions to some economic models. This also emphasizes use of Monte Carlo simulation approach to improve solutions to business models. |
| Keywords | Computational Subjects, Problem Solving, Matlab, Monte Carlo Simulation. |
| Year | 2013 |
| Volume | 7 |
| Issue | 2 |
| Type | Research paper, manuscript, article |
| Journal Name | Journal of Information & Communication Technology | Publisher Name | ILMA University | Jel Classification | - | DOI | - | ISSN no (E, Electronic) | 2075-7239 | ISSN no (P, Print) | 2415-0169 | Country | Pakistan | City | Karachi | Institution Type | University | Journal Type | Open Access | Manuscript Processing | Blind Peer Reviewed | Format | Paper Link | https://jict.ilmauniversity.edu.pk/journal/jict/7.2/1.pdf | Page | 1-5 |