APPLICATIONS OF DIFFERENTIAL EQUATIONS IN THE SOCIAL AND MANAGEMENT SCIENCES.

Abstract

ABSTRACT This project work consists offive chapter, in chapter one, we discussed the general definition and some categorisation of differential equations The project is introduction to the essential ideas in differential equation rather than a comprehensive account of the subject it does not, for example, Consider all the types of equations and other topics to be found in the standard books. While in the study of most differential equations, the tools used are restricted almost completely to algebra, here in these course works, we used much of differential Calculus and sometimes integral Calculus. Therefore, the work deals essentially with equations of differentiation and integration. For example, Chapter one, we discuss the classification of differential equations, order of differential equation, degree, ordinary differential equations, linear and non-linear differential equation, in Chapter two we discuss about Review of its related literature. In Chapter three, we also discuss mainly on types of first order, ordinary differential equation, variable seperable, First order differential equation: Population growth Model, the illiteracy-literacy Transition, First order linear ordinary differential equation and Model of price adjustment and price speculation. In Chapter Four, we discussed about secound order ordinary differential equation. A Model of price adjustment with stocks, A Model of foreign exchange speculation under floating exchange rate. In Chapter five, we discussed about closing of chapter and Summarised the major points.