Subject: Using SD to Teach Economics

Posted by Kaoru Yamaguchi on 6/5/2007
In Reply To:Using SD to Teach Economics Posted by David Wheat on 5/24/2007

Message:

Dear David

Thank you for your initiative for Economics Chapter Roundtable.
I'm pleased to talk about how I'm trying to incorporate some of simple system dynamics models in my MBA class of business economics that covers both micro- and macroeconomics. The models include market price mechanism of demand and supply, determination of GDP, creation of credits, fiscal policies and accumulated government debts.
Through my teaching practices, I got an impression that students like to learn dynamic features of economic behaviors by running simulations rather than the traditional comparative static analyses.

See you soon in Boston.
Regards,

Kaoru

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Prof. Kaoru Yamaguchi, Ph.D. (UCB)
System Dynamics Group
Doshisha Business School
Doshisha University
Kyoto, 602-8580, Japan