• English
    • ไทย
  • English 
    • English
    • ไทย
  • Login
View Item 
  •   Wisdom Repository Home
  • คณะและวิทยาลัย
  • คณะพัฒนาการเศรษฐกิจ
  • GSDE: Theses
  • View Item
  •   Wisdom Repository Home
  • คณะและวิทยาลัย
  • คณะพัฒนาการเศรษฐกิจ
  • GSDE: Theses
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Browse

All of Wisdom RepositoryCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsBy Submit DateResource TypesThis CollectionBy Issue DateAuthorsTitlesSubjectsBy Submit DateResource Types

My Account

Login

Thermodynamics formulation of economics

by Burin Gumjudpai

Title:

Thermodynamics formulation of economics

Other title(s):

รูปแบบอุณหพลศาสตร์ของเศรษฐศาสตร์

Author(s):

Burin Gumjudpai

Advisor:

Yuthana Sethapramote

Degree name:

Master of Economics

Degree level:

Master's

Degree discipline:

Financial Economics

Degree department:

School of Development Economics

Degree grantor:

National Institute of Development Administration

Issued date:

2019

Digital Object Identifier (DOI):

10.14457/NIDA.the.2019.57

Publisher:

National Institute of Development Administration

Abstract:

We consider a group of information-symmetric consumers with one type of commodity in an efficient market. The commodity is fixed asset and is non-disposable. We are interested in seeing if there is some connection of thermodynamics formulation to microeconomics. We follow Carathéodory approach which requires empirical existence of equation of state (EoS) and coordinates before performing maximization of variables. In investigating EoS of various system for constructing the economics EoS, unexpectedly new insights of thermodynamics are discovered. With definition of truly endogenous function, criteria rules and diagrams are proposed in identifying the status of EoS for an empirical equation. The rules and diagrams are named effect structure rules and the effect structure diagrams. With the rules, EoS are classified into two classes. Applying the conventional thermodynamics and the new rules, we can identify demand-side economics EoS. The price takes a role of intensive variable, demand quantity as extensive variable and average personal wealth possessed by consumers as temperature. The economics EoS is of the new class, the Class III. We proposed exact form of the economics EoS for econometrics analysis. At last we propose the way to perform Monte-Carlo simulation for the EoS. Having explicitly known EoS of the economy and its coordinates lays reasonable assumptions of Hamiltonian and partition function which are central aspects in application of statistical mechanics to economics and finance.

Description:

Thesis (M.E. (Financial Economics))--National Institute of Development Administration, 2019

Subject(s):

Economics
Economics -- Methodology
Thermodynamics

Keyword(s):

e-Thesis

Resource type:

Thesis

Extent:

80 leaves

Type:

Text

File type:

application/pdf

Language:

eng

Rights:

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

URI:

https://repository.nida.ac.th/handle/662723737/5163
Show full item record

Files in this item (CONTENT)

Thumbnail
View
  • b210885.pdf ( 1,900.31 KB )

ทรัพยากรสารสนเทศทั้งหมดในคลังปัญญา ใช้เพื่อประโยชน์ทางการเรียนการสอนและการค้นคว้าเท่านั้น และต้องมีการอ้างอิงแหล่งที่มาทุกครั้งที่นำไปใช้ ห้ามดัดแปลงเนื้อหา และทำสำเนาต่อ รวมถึงไม่ให้อนุญาตนำไปใช้ประโยชน์เพื่อการค้า ไม่ว่ากรณีใด ๆ ทั้งสิ้น



This item appears in the following Collection(s)

  • GSDE: Theses [66]

Except where otherwise noted, content on this site is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International license.

Copyright © National Institute of Development Administration | สถาบันบัณฑิตพัฒนบริหารศาสตร์
Library and Information Center | สำนักบรรณสารการพัฒนา
Email: NIDAWR@nida.ac.th    Chat: Facebook Messenger    Facebook: NIDAWisdomRepository
 

 

Except where otherwise noted, content on this site is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International license.

Copyright © National Institute of Development Administration | สถาบันบัณฑิตพัฒนบริหารศาสตร์
Library and Information Center | สำนักบรรณสารการพัฒนา
Email: NIDAWR@nida.ac.th    Chat: Facebook Messenger    Facebook: NIDAWisdomRepository
 

 

‹›×