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Discrete Dynamical Systems, Bifurcations and Chaos in Economics - 1st Edition - ISBN: 9780444521972, 9780080462462

Discrete Dynamical Systems, Bifurcations and Chaos in Economics, Volume 204

1st Edition

Author: Wei-Bin Zhang
Hardcover ISBN: 9780444521972
eBook ISBN: 9780080462462
Imprint: Elsevier Science
Published Date: 5th January 2006
Page Count: 460
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Table of Contents

1. Difference equations in economics
2. Scalar linear difference equations
3. One-dimensional dynamical economic systems
4. Time-dependent solutions of scalar systems
5. Economic bifurcations and chaos
6. Higher dimensional difference equations
7. Higher dimensional economic dynamics
8. Epilogue


This book is a unique blend of difference equations theory and its exciting applications to economics. It deals with not only theory of linear (and linearized) difference equations, but also nonlinear dynamical systems which have been widely applied to economic analysis in recent years. It studies most important concepts and theorems in difference equations theory in a way that can be understood by anyone who has basic knowledge of calculus and linear algebra. It contains well-known applications and many recent developments in different fields of economics. The book also simulates many models to illustrate paths of economic dynamics.

Key Features

  • A unique book concentrated on theory of discrete dynamical systems and its traditional as well as advanced applications to economics
  • Mathematical definitions and theorems are introduced in a systematic and easily accessible way
  • Examples are from almost all fields of economics; technically proceeding from basic to advanced topics
  • Lively illustrations with numerous figures
  • Numerous simulation to see paths of economic dynamics
  • Comprehensive treatment of the subject with a comprehensive and easily accessible approach


Professionals and graduate students in economics, applied mathematics, researchers in social sciences with an interest in applications of difference equations to economic systems


No. of pages:
© Elsevier Science 2006
5th January 2006
Elsevier Science
Hardcover ISBN:
eBook ISBN:

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About the Author

Wei-Bin Zhang

Affiliations and Expertise

Pacific University, Japan