Week 12-13 Difference Equations

  1.  First order linear and non linear difference equations its solution and verification of results
  2. Conditions for dynamic stability of equilibrium
  3. The Cobweb model, market model with inventory and model with price ceiling
  4.  The qualitative/graphic approach and phase diagrams 
  5. Second-order linear difference equations
  6. The convergence and divergence of the time paths
  7. The Multiplier-Acceleration interaction model
  8. Inflation-unemployment model in discrete time 
  9. Convergence and the Schur's theorem
  10. Solution of simultaneous difference equations

Download Files

dyn-stability.pdf (0.12 MB )