Communications - Scientific Letters of the University of Zilina 2005, 7(4):37-40 | DOI: 10.26552/com.C.2005.4.37-40

On Dynamics of Certain Economic Models

Lubica Hanustiakova1, Rudolf Olach1
1 Department of mathematical analysis and applied mathematics, Faculty of natural sciences, University of Zilina, Slovakia

The article deals with the dynamics of two economic models. The first one is a macroeconomic model about national income and its stability. In the second model the price of a certain commodity is treated. The equilibrium points, periodic points, price cycles and their stability in the market is also observed. The article is interdisciplinary in its nature.

Keywords: economic model, national income, price, equilibrium point, periodic point, cycle, stability

Published: December 31, 2005  Show citation

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Hanustiakova, L., & Olach, R. (2005). On Dynamics of Certain Economic Models. Communications - Scientific Letters of the University of Zilina, 7(4), 37-40. doi: 10.26552/com.C.2005.4.37-40
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    References

    1. BAČOVÁ, B., DOROCIAKOVÁ, B., OLACH, R.: Oscillations in Epidemic Model, Studies of University in ®ilina, Vol. 13, 2001, pp. 17-24.
    2. ELAYDI, S. N.: An Introduction to Difference Equations, Springer-Verlag, New York-Berlin-London-Paris-Tokyo, 1996.
    3. GANDOLFO, G.: Economic Dynamics, Springer-Verlag, Berlin-New York-London-Tokyo, 1997.
    4. OLACH, R., SMEJOVÁ, S., ©VAŇOVÁ, M.: On the Neoclassical Growth Model, 4th Int. Confer. APLIMAT 2005, Bratislava, pp. 105-110.
    5. VÁCLAVÍKOVÁ, B.: Dynamic Model of an Economic Process, 4th Int. Confer. APLIMAT 2005, Bratislava, pp. 167-172.

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