Lecture slides for UCLA LS 30B, Spring 2020
License: GPL3
Image: ubuntu2004
Recall exponential growth/decay in continuous time:
Remember, continuous time model means differential equation, the things we've been studying since the beginning of LS 30A.
Differential equation:
In other words, a constant percentage (per-capita, per-mass, per-molecule) growth rate
Solution of that differential equation:
where the initial value of (at time ).
Behavior:
If : Exponential growth
If : Exponential decay
(If , then constant for all time.)
Exponential growth/decay in discrete time:
Discrete time model:
(a.k.a. “difference equation”)
Start with .
The difference equation then says .
For the next step, it says ...
... .
For the next step, it says ...
... .
For the next step, it says ...
... .
Conclusion: .
Exponential growth/decay in discrete time:
Discrete time model:
(a.k.a. “difference equation”)
Solution of that difference equation:
where the initial value of (at time ).
Behavior:
If : Exponential growth
If : Exponential decay
(If , then constant for all time.)
What if is negative?
The same thing, in discrete time:
Question: What are the equilibrium points of the exponential growth/decay model ?
Answer: The only equilibrium point is at .
Now, is it stable or unstable?