## Description

**Table of Contents**

Preface

Chapter 1. Introduction

Chapter 2. Linear Dynamic Models

Chapter 3. Lotka-Volterra’s Models in Economics

Chapter 4. Various Dynamic Models

Appendix 1. Delay Differential Equations Theory (Brief Course)

Appendix 2. Optimal Size of Production

Appendix 3. Production Function

References

Index

**Reviews**

“In this important and timely book, Alexander V. Prasolov illustrates how dynamically rich Lotka-Volterra equations offer diverse and economically useful dynamic behavior for a wide range of economic problems. Splitting the theory into linear and non-linear parts, the importance and viability of nonlinear dynamics is illustrated convincingly. Using time-delays with Lotka-Volterra equations, dynamic macroeconomic models, sources of fluctuations in economic activity, capital and manufacturing decision models, models of international trade, models of management and advertising problems as well as the forecasting models are examined with exceptionally outstanding detail and insight. Additionally, the author brings forward unique list of references from Russian academic literature not commonly known in the western academic circles. I highly recommend this book to the scholars and students of economic dynamics and finance to delve into the rich world of the nonlinear apparatus being put forward in this exquisitely crafted scientific jewel.” – Ramo Gençay, Department of Economics, Simon Fraser University, Vancouver, Canada

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The book is written for students, postgraduates, researchers who apply mathematical methods in economical dynamics.