System Dynamics
System Dynamics, a method designed by Jay Forrester, provides an excellent tool for understanding highly complex system. I will provide in this section some instruction on the practice and use of system dynamics in the study of economics.
I must caution the reader that no form of modeling can accurately depict a national economy. I advocate the use of this modeling system only to demonstrate the interactions in sound economic theory.
- A Graphic Introduction to System Dynamics
- This Prezi presentation will give you an overview of basic System Dynamics concepts.
- Introduction to System Dynamics Using Insight Maker
- A simple model of a water reservoir to introduce you to System Dynamics models online with Insight Maker.