Pub. Date:
Elsevier Science
Discrete Dynamical Systems, Bifurcations and Chaos in Economics

Discrete Dynamical Systems, Bifurcations and Chaos in Economics

by Wei-Bin ZhangWei-Bin Zhang
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This book is a unique blend of difference equations theory and its exciting applications to economics. It deals with not only theory of linear (and linearized) difference equations, but also nonlinear dynamical systems which have been widely applied to economic analysis in recent years. It studies most important concepts and theorems in difference equations theory in a way that can be understood by anyone who has basic knowledge of calculus and linear algebra. It contains well-known applications and many recent developments in different fields of economics. The book also simulates many models to illustrate paths of economic dynamics.

  • A unique book concentrated on theory of discrete dynamical systems and its traditional as well as advanced applications to economics
  • Mathematical definitions and theorems are introduced in a systematic and easily accessible way
  • Examples are from almost all fields of economics; technically proceeding from basic to advanced topics
  • Lively illustrations with numerous figures
  • Numerous simulation to see paths of economic dynamics
  • Comprehensive treatment of the subject with a comprehensive and easily accessible approach

Product Details

ISBN-13: 9780444521972
Publisher: Elsevier Science
Publication date: 04/01/2006
Series: Mathematics in Science and Engineering Series , #204
Pages: 460
Product dimensions: 1.00(w) x 6.14(h) x 9.21(d)

Table of Contents

1. Difference equations in economics 2. Scalar linear difference equations 3. One-dimensional dynamical economic systems 4. Time-dependent solutions of scalar systems 5. Economic bifurcations and chaos 6. Higher dimensional difference equations 7. Higher dimensional economic dynamics 8. Epilogue

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