Differential & Difference Equations: Applications to Econ & Fin

Differential and difference equation models describe a wide range of complex problems in economics and finance. This course focuses on ordinary differential equations (ODEs) and first order difference equations to develop skills in the formulation, solution, understanding and interpretation of applied problems in finance and economics. A key aim of the course is to develop practical skills that can be applied in a wide range of applied settings. Topics covered are: first order ordinary differential equations, second order ordinary differential equations, first order difference equations, first order systems of two differential equations.