![]() Therefore, the first release of the Fortran programming language grew pretty fast in popularity. The introduction of a higher programming language compiler tremendously reduced the number of code lines needed to write a program. ![]() Before the release of the first Fortran compiler in April 1957, people used to use assembly languages. Backus, an IBM programmer, in 1953, the term Fortran is derived from The IBM Formula Translation System. Fortran is pretty old it is actually considered the first known higher programming language. Nevertheless, there are various Fortran tutorials on the Internet that can be used as complementary literature. As describing all features of the Fortran language would probably fill some hundred pages, we concentrate on the basic features that will be needed to follow the rest of this textbook. Before diving into the art of solving economic problems on a computer, we want to give a short introduction into the syntax and semantics of Fortran 90. ![]()
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