Comparative Statics, tracking an optimal or equilibrium value as an exogenous variable changes, ceteris paribus, is the heart of economic analysis. By building models and analyzing the comparative ...

Application of mechanics to the study of static equilibrium of rigid and elastic bodies. Topics includes composition and resolution of forces; moments and couples; equivalent force systems; free-body ...

In general terms, a dynamic equilibrium describes a state of balance between two processes. The term is used in scientific fields such as chemistry and physics which is where it originates. This ...