engleski

System Dynamics Approach to Teaching Supply and Demand: Preliminary Research

System dynamics models are used to explain dynamic and complex systems and their behaviour in different fields. We suggested usage of system dynamics methodology for the purpose of teaching relation between demand and supply, which is one of the main subjects in economic literature. Three experiments, with increase in inventory, inventory desired coverage and price change delay, have been conducted and presented. Students exposed to the supply and demand teaching using the S-D curves model, and students exposed to the system dynamics model of supply and demand system were compared according to their perceived understanding of the future supply and demand behaviour.

demand; supply; system dynamics; modelling

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