Dynamic nuclear polarization (DNP) experiments using microwave (mw) pulse sequences are one approach to transfer the larger polarization on the electron spin to nuclear spins of interest. How the result of such experiments depends on the external magnetic field and the excitation power is part of an ongoing debate and of paramount importance for applications that require high chemical-shift resolution. To date numerical simulations using operator-based Floquet theory have been used to predict and explain experimental data. However, such numerical simulations provide only limited insight into parameters relevant for efficient polarization transfer, such as transition amplitudes or resonance offsets. Here we present an alternative method to describe pulsed DNP experiments by using matrix-based Floquet theory. This approach leads to analytical expressions for the transition amplitudes and resonance offsets. We validate the method by comparing computations by these analytical expressions to their numerical counterparts and to experimental results for the XiX, TOP and TPPM DNP sequences. Our results explain the experimental data and are in very good agreement with the numerical simulations. The analytical expressions allow for the discussion of the scaling behaviour of pulsed DNP experiments with respect to the external magnetic field. We find that the transition amplitudes scale inversely with the external magnetic field.