Week 14 & 15

Week 14: Nonlinear Difference Equations – The Qualitative-Graphic Approach. Phase Diagrams Types of Time Path. A Market with a Price Ceiling.

Week 15: Solution and Verification of Second-Order Linear Difference Equations with Constant Coefficients and Constant Term-Distinct Real Roots & Repeated Real Roots.

Download Files

ch-17-first-order-difference-equation-and-its-economic-application.pdf (0.40 MB )