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Categories

Multiplier Simultaneous Equations - Marketplace & Competition

563 runs

Added by AnyLogic

Application area: Economics

Simulation method: System Dynamics

Multiplier Simultaneous Equations

Simple macroeconomic model based on the Keynesian consumption multiplier.  Illustrates simultaneous initial value equations.  See the Challenge on Simultaneous Initial Conditions in section 18.1.5.
This AnyLogic model is based on materials from the book "Business Dynamics: Systems Thinking and Modeling for a Complex World" by John Sterman, (c) 2000 McGraw Hill.

The model was created with AnyLogic - simulation software / Economics

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