Print Email Facebook Twitter Design and Analysis of Macro-Economic Models in the Laplace Domain Title Design and Analysis of Macro-Economic Models in the Laplace Domain: An Economic-Engineering Approach Author van Rijen, Gijs (TU Delft Mechanical, Maritime and Materials Engineering) Contributor Mendel, M.B. (mentor) Hutters, C. (graduation committee) Degree granting institution Delft University of Technology Programme Mechanical Engineering | Systems and Control Date 2024-02-09 Abstract In this thesis, we demonstrate the efficiency of Laplace domain techniques for the design and analysis of economic systems. To make the techniques applicable to economic modeling, we establish the economic analogs to the various tools and nomenclature in the engineering literature. We show that the Laplace domain provides an alternative description of economic systems, offering insights into behavior not apparent in the time domain. This allows economic discounting and cycles to be efficiently analyzed using pole-zero maps, Bode plots, and similar techniques. In addition, we demonstrate that transforming the linear differential equations of economic engineering into algebraic equations in the Laplace domain simplifies the design of economic systems.We use the Laplace domain techniques to design and analyze a macroeconomic model. By designing the model in the Laplace domain, we are able to integrate supply chain dynamics and the housing market using two-port network theory.By analyzing the model using a pole-zero map, we show that the economy's discount rates and business cycles are represented by complex poles and the economy's transmission blocking rates by complex zeros. Additionally, we demonstrate that the Bullwhip effect, a supply chain phenomenon, can be intuitively visualized using a Bode plot. These applications illustrate how Laplace-domain techniques enable the efficient design and analysis of economic systems. Subject Laplace TransformsMacroeconomicsEconomic Engineering To reference this document use: http://resolver.tudelft.nl/uuid:fdaf198a-8349-4790-a364-a1e4dc5a11b7 Part of collection Student theses Document type master thesis Rights © 2024 Gijs van Rijen Files PDF DCSC_Master_Thesis_Design ... _PRINT.pdf 5.2 MB Close viewer /islandora/object/uuid:fdaf198a-8349-4790-a364-a1e4dc5a11b7/datastream/OBJ/view