THEORETIC AND MATHEMATICAL ASPECTS OF PRICE FORMATION IN THE ECONOMY
Journal Title: Экономика и финансы - Year 2017, Vol 1, Issue 8
Abstract
Problems of formation of the level of prices in the economics in the interaction of gross domestic product and monetary circulation are being investigated in this article using mathematical formulas and graphic models that combine in a single economic system the gross domestic product, the money supply and the turnover rate of the monetary unit. General theoretical approaches to the construction of a mechanism for determining the level of prices in the economics, when the macroeconomic equilibrium is disturbed, "the volume of production of the gross domestic product is the money turnover" are formulated. The suggested mathematical formulas and models for determining the unit value of the produced product do not contradict to the principles of the market economics and allow us to determine the current level of prices and predict its change when the situation in economics changes.
Authors and Affiliations
Serhiy Horlov
Keywords
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- EP ID EP298511
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