SOLUTION MATH MODELS IN ECONOMIC ANALYSIS BY PROGRAMMING METHOD

Abstract

The article shows how to set up two mathematical models in economic analysis and solve by programming methods: 1)Leontief's Input-Output model can be solved in three ways: Method 1: Using the numpy package and functions inv; way 2: Use the numpy package and the pinv function; Method 3: Use sympy package and solve function; 2) The market equilibrium model for n related goods is solved in three ways: Method 1: Using the sympy package and the solve function; way 2: Use numpy package and inv function; Method 3: Use the nympy package with the scipy.linalg func