Differential Equations (2nd-order, general solution, staionary solution, saddle point, stable branch)
1st year undergraduate
textbook for reference:
Mathematics for economists: An introductory textbook (new edition): An Introductory Textbook
Lamedevil666
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Mathe
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Hi, would you have any idea how to sketch the phase diagram?
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I will make the diagram! I forgot to include it!
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Oh I should have waited for your response haha, but I've submitted my assignment already and tried sketching my own after watching a youtube tutorial, hopefully it's correct! (please still upload yours so i can cross-check!) But also thank you for the solutions to the questions! It was overall really clear and easy to follow. I think I just got a bit lost during part b cuz I didn't realise you found a Jacobian matrix first in one of the steps.
The answer is accepted.
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This is a very time-consuming question with several parts. The bounty is a bit low.
Hi, how much is reasonable for you? Apologies, I have no gauge for setting the bounty
I'd say $35
Think about how much time one may need to spend writing a detailed solution and what would be a fair hourly rate for such skilled individual. It will give you a good idea :)