Dynamics of Economic Systems

The course introduces students to system dynamics models of business policy analysis and forecasting of associated management problems of complex systems. the course covers advanced techniques of policy and strategy development applications: system thinking and modeling dynamics of growth and stability, including interaction of human factors with the technology. The tools of increasing power and complexity are offered for student's business and management applications: causal feedback diagrams, technology process graphs, information processing flowcharts, decision scenarios. Students will get hands-on training in system modeling by STELLA and DYNAMO software language and perform their own case studies of real system of technology and/or business development based on the Technogenesis approach.