Economics Dynamics Problems 172

Economics Dynamics Problems 172 - 156 Economic Dynamics...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
156 Economic Dynamics Figure 4.13. II and then into I as it moves towards the fxed point. A similar behaviour occurs iF the initial point is ( x 0 , y 0 ) = (3 , 1) beginning in quadrant III (see exercise 4). Once again the vector Forces can be seen in terms oF the direction feld, which we show in fgure 4.13, along with the equilibrium lines. 4.4 Matrix specifcation oF autonomous systems The examples so Far discussed illustrate that even with simple linear autonomous systems, the type oF dynamic behaviour is quite varied. In order to pursue the sta- bility/instability aspects oF systems oF autonomous equations it is more convenient to speciFy the models in terms oF matrices and vectors.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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.

Ask a homework question - tutors are online