Some Applications of Differential Equations in Economics Cover Image

Neke primjene diferentnih jednadžbi u ekonomiji
Some Applications of Differential Equations in Economics

Author(s): Senada Kalabušić
Subject(s): Economy
Published by: Ekonomski fakultet u Sarajevu
Keywords: econometrics; economics; differential equations

Summary/Abstract: The paper analyzes some problems in economics modeled by different equations. Different equations occur naturally in mathematics in numerical solving of differential equations. What are similarities and crucial differences between differential and different equations? There is a number of results from differential equations theory that can be applied to different equations theory without essential changes. Theories of linear different and differential equations essentially tie in. Besides, the stability theory according to linearization method for differential equations, which is belived to be probably the first method in stability theory used by Lyapunov, Perron, Poincare, is the type of stability that can fully be transferred to different equations. However, the dynamics of solutions for differential and different equations can be completely different, even in cases of differential equation and its own discretization.

  • Issue Year: 2004
  • Issue No: 24
  • Page Range: 233-243
  • Page Count: 11
  • Language: Bosnian