Resources
Teaching Economics with System Dynamics
Selected Bibliography
Macroeconomics
Microeconomics
Institutional and Evolutionary Economics
Complex Economic Dynamics
Environmental Economics
Development Economics
General Economics
Model Databases
Teaching Economics with System Dynamics
The Feedback
Method : A System Dynamics Approach to Teaching Macroeconomics
Author: David Wheat, Senior Lecturer in System Dynamics,
University of Bergen, Norway
Documentation of MacroLab Model and Interactive Learning Environment
Author: David Wheat, Senior Lecturer in System Dynamics,
University of Bergen, Norway
Macroeconomic Dynamics
Instructor: Michael Radzicki, Worcester
Polytechnic Institute
Web site:
http://www.wpi.edu/Academics/Depts/SSPS/Graduate/sdcourses.html
Teaching Microeconomics with Supply
Demand World
Authors:
Mashayekhi, Ali with Keyvan Vakili, Hamid Foroughi and Morteza Hadavandi
Paper title: Supply Demand World (SDW): An Interactive
Learning Environment for Teaching Microeconomics
Source: Proceedings of the 24th International Conference of
the System Dynamics Society July 23-27, 2006 Nijmegen, The Netherlands.
Read more.
Do you teach an economics course using system dynamics? Let us
know! Contact:
Selected Bibliography
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Tauheed, L. F. and L. Randall Wray. 2006. System Dynamics of Interest Rate Effects on Aggregate Demand. Money, Financial Instability and Stabilization Policy. L. R. Wray and M. Forstater. Massachusetts, Edward Elgar Publishing, Ltd: 37-57.
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Sterman, J. D. 1985. A Behavioral Model of the Economic Long Wave. Journal of Economic Behavior and Organization 6(1): 17-53.
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Low, G. 1980. The multiplier-accelerator model of business cycles interpreted from a system dynamics perspective. In Randers, J. (ed.), Elements of the System Dynamics Method. Waltham, MA: Pegasus Communications.
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Forrester, J. W. "Information Sources for Modeling the National Economy." Journal of the American Statistical Association 75, 371 (1980): 555-574.
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Forrester, J. W. 1977. Understanding the Changing Basis for Economic Growth - an Application of System Dynamics. Computers & People 26(1): 12, 26-27.
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Forrester, J. W. 1977. Growth Cycles. De Economist 125(4): 525-543.
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Van Duijin, J. J. 1977. The Long Wave in Economic Life. De Economist 125(4): 32.
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Sice, P., E. Mosekilde, A. Moscardini, K. Lawler and I. French. 2000. Using System Dynamics to Analyse Interactions in Duopoly Competition. System Dynamics Review 16(2): 113.
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Kim, D.-H. and D. H. Kim (1997). "A System Dynamics Model for a Mixed-Strategy Game Between Police and Driver." System Dynamics Review 13(1): 33-52.
Institutional and Evolutionary Economics
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Atkinson, G. 2004. Common Ground for Institutional Economics and System Dynamics Modeling. System Dynamics Review 20 (4): 275-286.
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Saeed, K. 2004. Designing an environmental mitigation banking institution for linking the size of economic activity to environmental capacity. Journal of Economic Issues 38 (4): 909-937.
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Radzicki, M. 2003. Mr. Hamilton, Mr. Forrester and a Foundation for Evolutionary Economics. Journal of Economic Issues 37(1): 133-173.
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Harvey, J. T. 2002. Keynes' chapter 22: A system dynamics model. Journal of Economic Issues 36 (2): 373-382.
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Harvey, J. T. and K. Klopfenstein. 2001. International capital and mexican development: A system dynamics model. Journal of Economic Issues 35 (2): 439-450.
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Radzicki, M. J. and J. D. Sterman 1994. Evolutionary Economics and System Dynamics. Evolutionary Concepts in Contemporary Economics. R. England. Ann Arbor, University of Michigan Press: 61-89.
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Radzicki, M. J. 1990. Methodologia Oeconomiae et Systematis Dynamis. System Dynamics Review 6(2): 1213-147.
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Radzicki, M. J. 1990. Institutional Dynamics, Deterministic Chaos, and Self-Organizing Systems. Journal of Economic Issues 24(1): 57-102.
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Brens, M. and J. Sturis. 1991. Local and Global Bifurcations in a Model of the Economic Long Wave. System Dynamics Review 7(1): 41-60.
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Sterman, J. D. 1989. Deterministic Chaos in an Experimental Economic System. Journal of Economic Behavior and Organization 12: 1-28.
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Rasmussen, S., E. Mosekilde and J. D. Sterman. 1985. Bifurcations and Chaotic Behavior in a Simple Model of the Economic Long Wave. System Dynamics Review 1(1): 92-110.
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Low, C., Ostrom, Wilson, Simon. 1999. Human-Ecosystem Interactions: A Dynamic Integrated Model. Ecological Economics 31: 227-242.
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Ali N. Mashayekhi. 1991. Rangeland Destruction Under Population Growth: The Case of Iran. System Dynamics Review. Also a chapter in "Modeling for management: Simulation in Support of Systems Thinking" by Wiley. Keywords: Environmental dynamics, Development Economics, Natural resources dynamics.
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Ali N. Mashayekhi. 2000. Project Cost Dynamics for Development Policy-Making. Journal of the Operational Research Society. Keywords: Development projects, development budget, cost overruns, time over run.
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Saeed, K. 1998. Towards Sustainable Development, 2nd Edition: Essays on System Analysis of National Policy. Aldershot, England: Ashgate Publishing Company. Read online...
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Ali N. Mashayekhi. 1991. The Impact of Exchange Rate Policy on Inflation Rate in an Oil Exporting Economy. System Dynamics Review.
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Ali N. Mashayekhi. 1977. Economic Planning and Growth of Education in Developing Countries. Simulation. 29(6): 189-197. Keywords: higher education, economic development, developing countries
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Heij, C. System Dynamics in Economic & Financial Models. New York, John Wiley & Sons, Inc., 1997.
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Mosekilde, E., J. S. Thomsen and J. D. Sterman. 1992. Nonlinear Interactions in the Economy. Economic Evolution and Demographic Change. G. Haag, U. Müller and K. Troitzsch. Berlin, Springer-Verlag: 35-61.
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Kivijarvi, H. and M. Tuominen. 1986. Solving Economic Optimal Control Problems with System Dynamics. System Dynamics Review 2(2): 138-149.
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Koch, D. L. and N. J. Mass. 1981. The Florida Economy-Elements of a System Dynamics Approach. Business Economic 16(1): 21-25.
Model Databases
Tom Fiddaman's
System Dynamics Model Library
Simulations hosted by Forio
Last revised:
06/26/2007
For information or comments please e-mail: 