Introducing Dynamic Analysis Using Malthus's Principle of Population

Dynamic models are increasingly used in economics, especially in macroeconomics. However, the skills required for constructing and analyzing dynamic models are advanced relative to those required for static models. Con- sequently, dynamic models are difficult to introduce into courses where the tech- nical skills of students are modest or substantially varied. The author illustrates that, because it is inherently dynamic, Malthus's Principle of Population provides a natural context for introducing dynamic analysis. Moreover, the context is use- ful for reviewing many mathematical tools and theoretical constructs often used in economics.