Explorations in Elementary Mathematical Modeling

dc.creator	Mazen Shahin
dc.date	2010-06-01T00:00:00Z
dc.date.accessioned	2015-07-20T22:13:39Z
dc.date.available	2015-07-20T22:13:39Z
dc.identifier	2065-1430
dc.identifier	https://doaj.org/article/d4e5277aad304cc6a4b528ed62bffd37
dc.identifier.uri	http://evidence.thinkportal.org/handle/123456789/16205
dc.description	In this paper we will present the methodology and pedagogy of Elementary Mathematical Modeling as a one-semester course in the liberal arts core. We will focus on the elementary models in finance and business. The main mathematical tools in this course are the difference equations and matrix algebra. We also integrate computer technology and cooperative learning into this inquiry-based learning course where students work in small groups on carefully designed activities and utilize available software to support problem solving and understanding of real life situations. We emphasize the use of graphical and numerical techniques, rather than theoretical techniques, to investigate and analyze the behavior of the solutions of the difference equations.As an illustration of our approach, we will show a nontraditional and efficient way of introducing models from finance and economics. We will also present an interesting model of supply and demand with a lag time, which is called the cobweb theorem in economics. We introduce a sample of a research project on a technique of removing chaotic behavior from a chaotic system.
dc.language	English
dc.publisher	Babes-Bolyai University, Cluj-Napoca
dc.relation	http://adn.teaching.ro/v3n2a9.htm
dc.relation	https://doaj.org/toc/2065-1430
dc.source	Acta Didactica Napocensia, Vol 3, Iss 2, Pp 89-100 (2010)
dc.subject	mathematical modeling
dc.subject	difference equations
dc.subject	cooperative learning
dc.subject	inquiry-based learning
dc.subject	cobweb theorem in economics
dc.subject	Education (General)
dc.subject	L7-991
dc.subject	Education
dc.subject	L
dc.subject	DOAJ:Education
dc.subject	DOAJ:Social Sciences
dc.subject	Education (General)
dc.subject	L7-991
dc.subject	Education
dc.subject	L
dc.subject	DOAJ:Education
dc.subject	DOAJ:Social Sciences
dc.subject	Education (General)
dc.subject	L7-991
dc.subject	Education
dc.subject	L
dc.subject	Education (General)
dc.subject	L7-991
dc.subject	Education
dc.subject	L
dc.subject	Education (General)
dc.subject	L7-991
dc.subject	Education
dc.subject	L
dc.title	Explorations in Elementary Mathematical Modeling
dc.type	article