Titlebook: Mathematical Modelling for Economists; Donald A. R. George Book 1988 Macmillan Publishers Limited 1988 calculus.capital.differential equat

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Dynamic optimisation,future profits against current losses. According to the life-cycle hypothesis of household saving, households are supposed to plan the future paths of their consumption and savings in the light of expected future incomes.

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Macmillan Publishers Limited 1988

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Linear algebra,Matrix and vector notation was introduced in the last chapter in the context of linear programmes. The basic ideas of matrix (or linear) algebra should be familiar from school mathematics but they need to be developed before they can be fully exploited in economic applications.

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Book 1988This text deals with mathematical modelling techniques of use to economists. As well as explaining certain mathematical ideas, it discusses the construction, manipulation and interpretation of mathematical models. There are exercises accompanying each chapter and solutions to some are provided.

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https://doi.org/10.1007/978-1-349-19238-0calculus; capital; differential equation; dynamic optimization; dynamical systems; growth; growth model; li

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