3-Economic Dynamics
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  • Book Title : 3-Economic Dynamics
  • Publisher : Cambridge University Press
  • Year : 2002
  • NO of Pages : 724
  • Author : RONALD SHONE
  • Contents :

    PART I Dynamic modelling

    1 Introduction

    2 Continuous dynamic systems

     Discrete dynamic systems 3

    4 Systems of first-order differential equations

    5 Discrete systems of equations

    6 Optimal control theory

    7 Chaos theory

    8 Demand and supply models

    9 Dynamic theory of oligopoly

    10 Closed economy dynamics

    11 The dynamics of inflation and unemployment

    12 Open economy dynamics: sticky price models

    13 Open economy dynamics: flexible price models

    14 Population models

    15 The dynamics of fisheries

    Answers to selected exercises

  • Introduction / Abstract ISBN :

    This is the substantially revised and restructured second edition of Ron Shone’s successful undergraduate and graduate textbook Economic Dynamics. The book provides 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, Maple and spreadsheets. It provides a thorough introduction to phase diagrams and their economic application and explains the nature of saddle path solutions. The second edition contains a new chapter on oligopoly and an extended treatment of stability of discrete dynamic systems and the solving of first-order difference equations. Detailed routines on the use of Mathematica and Maple are now contained in the body of the text, which now also includes advice on the use of Excel and additional examples and exercises throughout. The supporting website contains a solutions manual and learning tools. ronald shone is Senior Lecturer in Economics at the University of Stirling. He is the author of eight books on economics covering the areas of microeconomics, macroeconomics and international economics at both undergraduate and postgraduate level. He has written a number of articles published in Oxford Economic Papers, the Economic Journal, Journal of Economic Surveys and Journal of Economic Studies.

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