Introduction 25 by doing. In a number of the exercises the answers are provided in the question. When this is not the case, answers to a number of the questions are supplied at the end of the book. The present book has a number of features. The coverage is both up-to-date and deals with discrete as well as continuous models. The book is fairly self-contained, with part I supplying all the mathematical background for discussing dynamic economic models, which is the content of part II. Many recent books on dynamic economics deal largely with macroeconomics only. In this book we have attempted a more balanced coverage between microeconomics and macroeconomics. Part I in large part treats continuous models and discrete models separately. In part II, however, the economics dictates to a large extent whether a particular model is discrete or continuous – or even both. A feature of both part I and part II is a discussion of the phase diagram for analysing dynamic models. A major emphasis is problem solving, and to this end we supply copious solved
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