## Economic Dynamics: An Introduction |

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### Contents

chapter one Introduction | 1 |

The classification of dynamic systems | 4 |

Comments | 7 |

Copyright | |

67 other sections not shown

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### Common terms and phrases

absolute value acceleration principle accumulation arbitrary constants argument assume assumption capital chapter characteristic equation coefficients commodity comparative statics complex roots consider consumption current price demand curve demand for cash depends difference equation difference-equation dynamic economic entrepreneur equal ex post example excess demand excess supply expected price factors firm first-order function given gives greater Harrod's increase initial conditions innovation inputs investment demand involves J. R. Hicks labor less marginal cost marginal rate marginal revenue means monetary effect multiple roots mutton national income negative nth order obtain oscillations output particular solution perfect competition plans positive price changes prices fall problem production profit proportion proposition quantity radians rate of growth rate of interest rate of substitution reader result rise satisfy the initial saving Say's law second-order conditions sellers shoe Similarly situation Sy(t tend theory tion variable wages warranted rate wool zero