Description: Economists model the ways in which humans meet their needs using given resources and technologies. This book explores the dynamic processes in economic systems, concentrating on the extraction and use of the natural resources that are required to meet economic needs. Modeling Dynamic Economic Systems applies methods of computer modeling to a wide range of realworld economic phenomena in a variety of areas, covering methods for dynamic modeling in economics, microeconomic models of firms, modeling optimal use of both non-renewable and renewable resources, and chaos in economic models. The accompanying CD-ROM contains models and a run-time version of the popular Stella "RM" II and Madonna "RM" simulation modeling software.

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