Introducing dynamic analysis using Malthus's Principle of Population.

From: The Journal of Economic Education | Date: January 1, 2003| Author: Pingle, Mark | Copyright information

Abstract: Dynamic models are increasingly used in economics, especially in macroeconomics. However, the skills required for constructing and analyzing dynamic models are advanced relative to those required for static models. Consequently, dynamic models are difficult to introduce into courses where the technical skills of students are modest or substantially varied. The author illustrates that, because it is inherently dynamic, Malthus's Principle of Population provides a natural c...

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