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Title

Economic Dynamics: Phase Diagrams and their Economic Application, 2nd Edition
Author

Ronald Shone
Book information

Publisher: Cambridge University Press (United Kingdom)
Copyright year: 2002
ISBN: 0521017033
Medium: Paperback
Pages: 708
Out of print?: N
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Contents

PART I: Dynamic modelling | Introduction | Continuous dynamic systems | Discrete dynamic systems | Systems of first-order differential equations | Discrete systems of equations | Optimal control theory | Chaos Theory

PART II: Applied economic dynamics | Demand and supply models | Dynamic theory of oligopoly | Closed economy dynamics | The dynamics of inflation and unemployment | Open economy dynamics: sticky price models | Open economy dynamics: flexible price models | Population models | The dynamics of fisheries
Description

This is the substantially revised and restructured second edition of Ron Shone's successful undergraduate and gradute textbook Economic Dynamics.

The book provides a detailed coverage of dynamics and phase diagrams including: quantitative and qualitative dynamic systems, continuous and discrete dynamics, linear and nonlinear systems and single equation and systems of equations. It illustrates dynamic systems using Mathematica and provides many detailed routines in the body of the text and appendices. It provides a thorough introduction to phase diagrams and their economic application and explains the nature of saddle path solutions. There are over 120 exercises contained in the book with brief answers. The Cambridge University Press web site provides a Solutions manual in Mathematica notebooks to all exercises.
Subjects

*Business and Economics
*Mathematics
*Mathematics > Calculus and Analysis
*Mathematics > Calculus and Analysis > Dynamical Systems
Keywords

Economics, Phase Diagrams
URL

http://uk.cambridge.org/resources/0521017033