Date |
Sections |
Homework |
Other
readings/software |
8/25(R) |
1.0-1.3,
2.0-2.3 |
|
Wolfram Alpha Dynamical systems List of dynamical systems topics Lorenz Equation |
8/30(T) |
Irene |
Homework 1: 2.1.1, 2.1.2, 2.1.3,
2.2.3, 2.2.9, 2.3.4, 2.4.4, (due 9/2 F) |
Noy-Meir Jour
Ecology 1975 Solow Quart Jour Econ 1956 |
9/1(R) |
2.4-2.8 |
|
Matlab programs: graph1 graph2
dfield8 pplane8 logistic ode logistic ode (multi) |
9/6(T) |
existence and uniqueness | Homework 2: pdf file (due 9/9 F) solution |
metric
space contraction mapping theorem existence and uniqueness proof |
9/8(R) |
bifurcation
examples |
|
Bifurcation
Buckling Swat Bioinformatics 2004 Scheffer Nature 2001 |
9/13(T) |
3.0-3.1 | Homework 3: pdf file (due 9/16 F) solution, About problem 3.3.2 (see page 6) |
Jordan-Cooley
Jour Theo Biol 2011 |
9/15(R) |
3.2-3.4 |
|
Matlab programs: bifurcation 1, bifurcation 3 bifurcation diagram from Matlab |
9/20(T) |
3.5, 3.6, nondimensionalization |
Homework
4: pdf file (due 9/23 F) solution |
dimension
notes Ludwig Jour Anim Ecol 1978 Bead on a Rotating Wire |
9/22(R) |
3.7, |
|
Catastrophe
theory cusp bifurcation youtube: pitchfork bifurcation (differential equation on youtube) |
9/27(T) |
4.1-4.3 | Homework 5: 3.6.2(a,b), 4.2.3,
5.2.1, 5.2.2, 5.3.4, 5.3.6 (due 9/30 F) solution |
pplane (online) planar linear equation notes (from Math 302) |
9/29(R) |
5.0-5.3 |
|
|
10/4(T) |
6.0-6.4 |
Homework 6: 6.1.4, 6.1.10(use
pplane), 6.3.6, 6.3.8, 6.3.10 (due 10/7 F) solution |
planar nonlinear system notes
(from Math 302) |
10/6(R) |
6.5-6.7 |
|
|
10/11(T) |
Fall Break |
no class |
Expectations and Exchange Rate Dynamics Revisited
Rudiger Dornbusch’s 1976 paper on exchange rate overshooting is one of the most influential papers in international macroeconomics. He derived a variant on Mundell and Fleming’s IS-LM model for an open economy with perfect capital mobility that assumed rational expectations, meaning that market participants have perfect foresight. The traditional Mundell Fleming model could not explain the excess volatility observed over a short period of time between countries’ exchange rates. However, Dornbusch’s model predicts that even when agents have perfect foresight, in response to an unanticipated monetary supply expansion, the exchange rate will initially overshoot its long-run level, so that it declines during the adjustment period.
I will begin with a brief survey of the literature. Then, I will lay the groundwork for the Dornbusch model by stating the assumptions, the resulting equations, and their general economic justifications. Using the assumed equations, I will then re-derive Dornbusch’s resulting linear system:
where p is the
price level, s is the nominal
exchange rate, v and are constants (although derived from numerous
other parameters) that signify the speed of adjustment, and an
“overbar”
signifies a fixed steady-state value. I
will then perform equilibrium stabilization analysis using the
literature’s
consensus for the values of v and
. Similarly, I will perform a
sensitivity analysis to
determine the values of the parameters for which the model is stable.
Finally,
I will use the model to explain the natural phenomenon of overshooting
in the
exchange rate market.
The
cell cycle is a biological process by which a
single cell replicates its genetic material and divides into two
daughter
cells. This process is highly regulated by biochemical interactions
among several
cell cycle molecules. Biologist have proposed a verbal model describing
the
steps in this process, however the accuracy of these verbal models have
to be
verified. Constructing a feasible mathematical model for this system is
an
important step to our understanding of dynamics of molecular regulatory
networks in the cell cycle. Furthermore, using mathematical model to
study a
system improves the verbal model proposed by researchers. John Tyson
and colleagues
utilized fission yeast cell, a well studied model organism, and
Ordinary
differential equations (ODE) to draw a simplified mathematical model.
The study
mainly focused on constructing a two dimensional ODE for S-phase of the
cell
cycle, and reducing parameters by understanding the relationship among
each of
the molecules. Finally, equilibrium points of the system were
characterized via
bifurcation theorem. This paper seeks to elucidate how the model was
simplified
to two dimensions and study the stability of steady states. In
addition, the
model will be interpreted using the estimated parameters from previous
publications. Therefore, mathematical models of cell cycle phases serve
to
check the reality of proposed biological models.