SP&E 438 - Dynamic Modeling

System dynamics is a computer-aided approach to policy analysis, design and scientific research. This course is designed to introduce system dynamics concepts, methods, modeling and applications to political, economic, social, managerial or ecological challenges of the 21st century - focusing on phenomena as systems in toto, characterized by interdependence, mutual interaction, information feedback and causality. The approach begins with defining problems dynamically, proceeds through mapping and modeling stages, for building confidence in the model, inferences and policy implications. Conceptually, the feedback concept is at the heart of the system dynamics approach, as well as structure, loop dominance and endogenous change to help explain system behavior. Mathematically, their basic structures are usually captured with coupled differential equations. Simulation of such systems is easily accomplished with readily available computer software that does not require programming. As a capstone, students will work together in teams to design a dynamic model applied to a political, economic or social challenge of their choosing.
Units: 4
Course Type: Seminar