Week 14-15: Higher- Order Difference Equations

Higher-Order Difference Equations: Second-Order Linear Difference Equations with Constant Coefficients and Constant Term, Distinct, Repeated and Complex Roots cases.Convergence and Schur Theorem. The Convergence of the Time Path.  Economic Applications, SamuelsonMultiplier-Acceleration Interaction Model.  Inflation and Unemployment in Discrete Time.  The Solution of Simultaneous Differential Equations.

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second-and-third-order-difference-equation.pdf (0.41 MB )

schur-theorem.pdf (0.06 MB )