Modeling Dynamic Economic Systems (eBook, PDF)

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Economists model the ways in which humans meet their needs using given endowments of resources and technologies. This book explores the dynamic processes in economic systems, concentrating on the extraction of resources that are required to meet economic needs.Using the STELLA® software, Modeling Dynamic Economic Systems applies methods of computer modeling to a wide range of real-world economic phenomena, demonstrating how to make informed decisions about economic performance and environmental quality. Sections of the book cover: methods for dynamic modeling economics with special emphasis o...

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