Dynamics of simple economic growth models
Adam Krawiec
Institute of Public Affairs, Jagiellonian University
Rynek Glowny 8, 31-042 Krakow, Poland
email: uukrawie@cyf-kr.edu.pl
Marek Szydlowski
Centre of Complex Systems, Jagiellonian University
Reymonta 4, 30-059 Krakow, Poland
email: uoszydlo@cyf-kr.edu.pl
Abstract
The dynamical systems methods are used to analyse models of
growth in macroeconomics. The simple example of a two-sector model with physical
and human capital is presented to demonstrate the effectiveness of the
qualitative analysis of di erential equations. Some advantages of using the
language of dynamical systems in economics is also given.