Abstract
We lay out our philosophy for navigating the complex possibilities of modeling dynamic systems, systems whose inputs and structure change with time. More than 2 decades of experience teaching this kind of modeling have reduced the process to its simplest form. We use STELLA for this reason and the basic elements of this program are laid out in this chapter. These elements are the stocks or reservoirs, the flows of things in and out of these stocks, and the controlling flow of information. Experience with complex mathematics and programming is not needed.
A save-disabled version of STELLA® and the computer models of this book are available at www.iseesystems.com/modelingeconomicsystems.
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Ruth, M., Hannon, B. (2012). Introduction. In: Modeling Dynamic Economic Systems. Modeling Dynamic Systems. Springer, Boston, MA. https://doi.org/10.1007/978-1-4614-2209-9_1
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DOI: https://doi.org/10.1007/978-1-4614-2209-9_1
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