COURSE AIMS AND OBJECTIVES: introduce the students to the economic variables, their changes, relations and dependences through differential and difference equations
COURSE DESCRIPTION AND SYLLABUS:
1. First order linear differential equations, 9 hours (Partial market equilibrium model, Domar model, Harrod model, Solow model, Inflation)
2. First order linear difference equations, 6 hours (Stability conditions, Income determination model, Cobweb model, Domar model, Harrod model, Market model with inventory)
3. Second order linear differential equations, 6 hours (Market model with price expectation, Inflation and unemployment)
4. Second order linear difference equations, 6 hours (Samuelson model, Inflation and unemployment)
5. Systems of differential and difference equations, 12 hours (Cournot duopoly model, Inflation and unemployment, various economic models)
6. Phase diagrams, 6 hours
|
Pristupačnost
