Chapter 1. Introduction to Feedback Economics -- Part I: Macroeconomics -- Chapter 2. Get Started with Macro Modeling -- Chapter 3. Equilibrium, Instability, Growth and Feedback in Economics -- Chapter 4. Accounting System Dynamics Modeling of Money Stock as Debts: Theory and Case Analysis of...

In this chapter, we demonstrate a way to get started with system dynamics modeling of a national economy, using a modular software framework called the MacroLab Template. The Template can be customized to reflect a modeler’s hypotheses about how an economy works. To illustrate the modeling...

This article describes the value added by a stock-and-flow feedback diagram to text-only instruction in macroeconomics. The experiment was motivated by a prior study in which the use of graphs to teach macroeconomics was no more effective than verbal instruction alone. Here, in contrast,...

Students are expected to think critically about economic processes but not about the way economists explain those processes. They are generally powerless to do the latter. This paper illustrates a causal mapping technique to enable students to translate narrative accounts of various economists'...

This book approaches economic problems from a systems thinking and feedback perspective. By introducing system dynamics methods (including qualitative and quantitative techniques) and computer simulation models, the respective contributions apply feedback analysis and dynamic simulation modeling...