Elements of Numerical Mathematical Economics with Excel

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Exercises

1. Solve the following first-order difference equations and set up in Excel the step-charts:
$y (t) = - \frac{1}{3} y (t - 1)$
$y (t) = \frac{1}{3} y (t - 1) + 6$
$y (t) = - \frac{1}{4} y (t - 1) + 5$
2. Solve the following second-order difference equation and set up in Excel the step-chart:
$y (t) = - 3 y (t - 1) - 2 y (t - 2)$
3. The following ...

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