Week 3-4 : Continuous Time: First-Order Differential Equations
First Order Linear Differential Equations: Homogenous & non-Homogenous Cases. The solution of First Order Linear Differential Equation with Constant Coefficient & Constant Term and its Verification. Domar growth model. Economic Application: Dynamics of Market Price. Solution and its Verification. First Order Differential Equation with Variable Coefficient and Variable Term.