Economics Dynamics Problems 96

# Economics Dynamics Problems 96 - 80 Economic Dynamics Note...

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Unformatted text preview: 80 Economic Dynamics Note that the direction ﬁeld has six elements: (i) (ii) (iii) (iv) (v) (vi) the differential equation y(x) indicates that x is the independent variable and y the dependent variable the range for the x-axis the initial points the range for the y-axis a set of options; here we have two options: (a) arrows are to be drawn slim (the default is thin) (b) the colour of the lines is to be blue (the default is yellow). Figure 2.9(a) (p. 46) This follows similar steps as ﬁgure 2.8 and so we shall be brief. We assume a new session. Input the following: (1) (2) (3) (4) (5) (6) with(DEtools): equ:=p0*exp(k*t); newequ:=subs(p0=13,k=0.01,equ); inisol:=evalf(subs(t=0,newequ)); finsol:=evalf(subs(t=150,newequ)); DEplot(diff(p(t),t)=0.01*p,p(t),t=0..150,{[0,13]}, p=0..60, arrows=slim,linecolour=blue); Instructions (2), (3), (4) and (5) input the equation and evaluate it for the initial point (time t = 0) and at t = 150. The remaining instruction plots the direction ﬁeld and one integral curve through the point (0, 13). Figure 2.9(b) (p. 46) The logistic equation uses the values a = 0.02 and b = 0.000436 and p0 = 13. The input instructions are the following, where again we assume a new session: (1) (2) with(DEtools): DEplot(diff(p(t),t)=(0.02-0.000436*p)*p,p(t), t=0..150,{[0,13]},p=0..50,arrows=slim, linecolour=blue); Exercises 1. Show the following are solutions to their respective differential equations (i) dy = ky dx (ii) −x dy = dx y (iii) dy −2y = dx x y = cekx y = x 2 + y2 = c y= a x2 ...
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## This note was uploaded on 12/14/2011 for the course ECO 3023 taught by Professor Dr.gwartney during the Fall '11 term at FSU.

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