o:29624 Applications of logistic and generalized logistic difference equations in economics AK model en Abstract: In this paper, we demonstrate how logistic equation and generalized logistic equation can be applied in teaching economics with the aim that students easily grasp the AK model. To this end, the AK model is firstly modified into three versions, after which the first and the second model are reduced to the generalized logistic equations. The purpose of this paper is to present how through applying the mathematical modifications of mentioned versions of AK models, they become more cognizable to students, which should result by more deeply understanding of well-known economic models. Keywords: Non-linear dynamics; logistic equation; generalized logistic equation; AK model; mathematics courses for economists. 1552099 10.57016/TM-RMSH3417 1552101 1451-4966 2023-05-18T16:42:20.668Z 44 no 46 Jelena Stanojević Univerzitet u Beogradu Ekonomski fakultet 12934759 0000-0001-5668-5297 Katarina Kukić person Nemanja Vuksanović Univerzitet u Beogradu Ekonomski fakultet person 52633865 0000-0002-8522-7022 Dragana Draganac Univerzitet u Beogradu Ekonomski fakultet person 2271079 0000-0002-8605-8881 application/pdf 1023437 https://phaidrabg.bg.ac.rs/o:29624 no yes 16 70 1552253 11A03 The teaching of mathematicse 25 2 93 106 2022