Mathematical Economics

A₁ accelerator aggregation algebra analysis arbitrary constants assumed auxiliary equation b₁ b₂ c₂ coefficients column commodity complex number consumer consumption convex set corresponding curve damped defined demand difference equation differential equation dimensions distributed lag dynamic economic elements equal equilibrium ex ante example explosive exponential lag factors fixed free variation function given gives Hence income initial input integral investment labour Laplace Transform linear programme linear transformation linearly independent macro-relation marginal propensity multiplier negative obtained oscillation output P₁ P₂ particular pay-off matrix period player polynomial positive previous exercise problem pure strategies ratio real numbers result returns to scale roots rules scalar side relations sinusoidal solution square matrix stabilisation policy strategies substitution tion variables variation vector vector space x₁ Y₁ zero