- noun the study of motion and the way in which forces produce it
- noun the study of changes in an economy which take place over a long period of time
- The branch of science which deals with motion, and the forces, such as energy and momentum, which affect said motion.
(written as Dynamics)One way of doing economics, in which the focus is on the process of change as people react to disequilibria arising from disturbances of various kinds affecting a model. A common interest in economic dynamics concerns whether and in what way, with what speed, etc., an economy will approach equilibrium following a disturbance. The other main way of doing economics is comparative statics, which compares the states of equilibrium that are predicted to come about in response to disturbances but not the process through which they come about.
- noun the branch of mechanics that deals with motion and the way in which forces produce motion