Published
2023-07-28
Section
Articles
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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
How to Cite
Integration and Applications in Economic Dynamics
Dilshod I.Ostonaqulov
Tashkent Institute of Finance, Tashkent, Uzbekistan
Keywords: Consumer’s Surplus, Capital Accumulation Over a Specified Period, stream of income
Abstract
In a dynamic economics model, the basic objective is the identification of the time path of the variable on the basis of its rate of change. For example, national income y of a country changes overtime. To see the rate of change we need to see its change with respect to time and to find the time path followed by y . Thus, if we know the derivative dy dt , it will be possible to get onto the function like y y t = ( ) through the technique of integration which happens to be opposite of the process of differentiation. We will return to this process after a while
References
De la Fuente, A. (2000). Mathematical Methods and Models for Economists. Cambridge University Press.
Sotvoldiyev A.I. Mathematics of economic processes nature and methods of modeling. Science and education scientific journal. Tashkent. 2023. Vol. 4, No. 3. pp. 829-835.
Unit-7 Integration and Applications in Economic Dynamics, http://hdl.handle.net/123456789/22973
