OFERTA Y DEMANDA: UN MODELO MATEMÁTICO CON ECUACIONES DIFERENCIALES
Keywords:
Ordinal differential equation (ODE), First order nonhomogeneous linear equation, Initial conditions, Initial value problem (IVP), Supply and demandAbstract
First, some ideas related to general mathematical models are presented. Later, it will be focused in a very specific one, which uses Ordinal Differential Equations (ODE’s) as its basic component. Because the Supply and Demand Economic Model uses linear differential equations for its mathematical and economic explanation, a description on how to obtain an analytic and graphic solution of such equations is carried out. Subsequently a detailed explanation of the basic elements to define with differential equations language the supply and demand concepts and the economic principle that bounds them through the planning and solving of several application examples.
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References
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