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Mathematical Models of Economic Growth and Crises by Alexei Krouglov
Requirements: .PDF reader, 4.32MB
Overview: The main goal of this book is to present coherent mathematical models to describe an economic growth and related economic issues. The book is a continuation of the author’s previous book Mathematical Dynamics of Economic Markets, which presented mathematical models of economic forces acting on the markets. In his previous book, the author described a system of ordinary differential equations, which connected together economic forces behind the product’s demand, supply and prices on the market.
The author focuses on a specific aspect of how to modify the said system of ordinary differential equations, in order to describe the phenomenon of economic growth. In order to achieve clarity, the author restricted himself to economic processes arising on the markets of a single-product economy. Economic growth is presented as a result of savings and investment occurring on the markets. The market’s participants withdraw part of the product from markets in the form of savings and use the withdrawn product in production in the form of an investment. The withdrawal drives the product’s supply on the market down while at the same time driving the product’s price up, which in turn drives the product’s demand down. When an impact of the product’s price increase exceeds an impact of the product’s demand decrease, economic growth occurs. Contrarily, one observes an economic decline in the opposite situation.
Genre: Non-Fiction > Educational
Download Instructions:
(Closed Filehost) http://upload4earn.net/g1j8i03o7bno
(Closed Filehost) http://uploadocean.com/73p56et5vl5j
Requirements: .PDF reader, 4.32MB
Overview: The main goal of this book is to present coherent mathematical models to describe an economic growth and related economic issues. The book is a continuation of the author’s previous book Mathematical Dynamics of Economic Markets, which presented mathematical models of economic forces acting on the markets. In his previous book, the author described a system of ordinary differential equations, which connected together economic forces behind the product’s demand, supply and prices on the market.
The author focuses on a specific aspect of how to modify the said system of ordinary differential equations, in order to describe the phenomenon of economic growth. In order to achieve clarity, the author restricted himself to economic processes arising on the markets of a single-product economy. Economic growth is presented as a result of savings and investment occurring on the markets. The market’s participants withdraw part of the product from markets in the form of savings and use the withdrawn product in production in the form of an investment. The withdrawal drives the product’s supply on the market down while at the same time driving the product’s price up, which in turn drives the product’s demand down. When an impact of the product’s price increase exceeds an impact of the product’s demand decrease, economic growth occurs. Contrarily, one observes an economic decline in the opposite situation.
Genre: Non-Fiction > Educational
Download Instructions:
(Closed Filehost) http://upload4earn.net/g1j8i03o7bno
(Closed Filehost) http://uploadocean.com/73p56et5vl5j