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1-118-SolowEconomicGrowth-ModelingScenario
Students construct and analyze the celebrated Solow-Swan model of economic growth theory. The project is divided into three sequential parts to teach students to understand, develop, and analyze a simple nonlinear model of economic dynamics.
optimization
economics
steady state
growth
Solow-Swan model
capital
production
labor
Golden Rule of Economic Growth
Modeling Scenario
358
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352
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0
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4-039-FallingDarts-ModelingScenario
we develop, solve, and analyze a second order differential equation model for free fall incorporating air resistance. Students solve the model using two methods -- reduction of order and separation of variables, and method of undetermined...
optimization
resistance
terminal velocity
muzzle velocity
drag coefficient
free fall
air drag
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