COMPARATIVE STATICS AND THE CONCEPT OF DERIVATIVE

COMPARATIVE STATICS AND THE CONCEPT OF DERIVATIVE PowerPoint PPT Presentation


  • 245 Views
  • Uploaded on
  • Presentation posted in: General

Nature of Comparative Statics. concerned with the comparison of different equilibrium states that are associated with different sets of values of parameters and exogenous variables.we always start by assuming a given initial equilibrium state. Then ask how would the new equilibrium compare with old

Download Presentation

COMPARATIVE STATICS AND THE CONCEPT OF DERIVATIVE

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


1. COMPARATIVE STATICS AND THE CONCEPT OF DERIVATIVE Chapter 6 Alpha Chiang, Fundamental Methods of Mathematical Economics 3rd edition

2. Nature of Comparative Statics concerned with the comparison of different equilibrium states that are associated with different sets of values of parameters and exogenous variables. we always start by assuming a given initial equilibrium state. Then ask how would the new equilibrium compare with old. can either be qualitative (direction) or quantitative (magnitude) problem under consideration is essentially one of finding rate of change concept of derivative takes significance – differential calculus

3. Rate of Change and the Derivative

  • Login