O'Reilly logo

Introductory Mathematics and Statistics for Islamic Finance, + Website by Noureddine Krichene, Abbas Mirakhor

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 7Differential Equations

Differential equations play an important role in Islamic finance. The rate of change of one variable with respect to another is called a derivative. A differential equation describes the relationship between a variable and its derivative. In economics and finance, many problems give rise to differential equations. Economic and financial variables are indexed on time img. For instance, the real gross domestic product img at time img is denoted img and real GDP at time img is denoted img; the rate of change of real GDP per unit of time is img. A differential equation may be used to describe the dynamics of real GDP by relating img to . A company may change the price of its product based ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required