Economics in K-12 Education Roundtable
We would like to invite you to attend our free webinar entitled Economics in K-12 Education Roundtable on Thursday, May 25, at 11:00 am EST. Our panel participants will be:
Murat Gökalp – Teacher of Mathematics and Economics in DP & MYP and TOK, Shanghai Community International School, Shanghai, China
David Wheat – Emeritus Professor of Economics and SD, University of Bergen, Norway
Erda Gerçek – Senior Lecturer in Economics and Strategic Thinking at Koç University, İstanbul, Türkiye
Khalid Saeed – Professor of Economics and System Dynamics at WPI, Worcester, Massachusetts, USA
We will discuss some the following questions:
- What might be the fundamental stocks in an economy?
- What might be the fundamental flows and flow cycles in an economy?
- What might be the fundamental causal loops in an economy?
- Which economic theories should be introduced, in which order?
- Can a historical approach (starting from hunter gatherers) be used in teaching economics?
- How can value, money, price, fiat be taught?
- Which approach should be used when teaching economics? What are the pros and cons of each approach?
- from micro to macro
- from macro to micro
- in paralel – a spiral education
- Should modeling accounting identities be introduced? If yes, how?
- Alternatively, Should Accounting System Dynamics be introduced? If yes, how?
- How should interconnectedness of economy and ecology be taught?
- circular economy, green economy, sustainability, new economy…
- What is or should be the goal of an economic system?
- What is or should be the function of an economic system?
We hope you will join us for this webinar.
Economics and System Dynamics using Minsky
Join Our Oleksandra Orlovska as she hosts Dr. Steve Keen and Tyrone Keynes on their presentation of Economics and System Dynamics using Minsky, an open-source software that allows monetary economic models to be designed visually.
When: Mon, Feb 20, at 19:00 CET
Zoom link: https://lnkd.in/dVd69JVd
Password: 2vhayMAF
Alexander Ryzhenkov on “Heredity and Variability in Macroeconomics: System Dynamic Models of Economic Growth and Cycles”
Please join WPI System Dynamics online Friday, Feb 10th 11AM ET (Boston time).
In this Collective Learning Meeting (CLM), the System Dynamics Society’s Economics SIG and WPI System Dynamics will host Alexander Ryzhenkov who will present
Heredity and Variability in Macroeconomics:
System Dynamic Models of Economic Growth and Cycles
Short Description: This work is based on the Marx theory of extended capitalist reproduction. Tutorial (theoretical) system dynamics models of increasing returns and industrial cycles will be presented.
Question(s) for the Audience:
- How relevant are presented models for the modern technologically and institutionally advanced capitalist economy?
- What are prospective avenues for further advance from abstract to concrete?
- Could socially efficient counter-cyclical policies be designed and practically implemented?
Biography: The author’s information is reflected at https://www.ieie.su/persons/ryzhenkov-av.html
Call-in details: https://bit.ly/CLM-2023-02-10
Discussion on Engaging Economists with SD
Please join us online Friday, Sep 9th 10AM ET (Boston time. Here is a time converter).
In this Collective Learning Meeting (CLM), the System Dynamics Society’s Economics SIG and WPI System Dynamics host a
Discussion on Engaging Economists with SD
This is a continuation of the conversation from the Econ SIG meeting at the International System Dynamics Conference 2022. Please join this meeting if you are interested in discussing strategies on the diffusion of system dynamics into the economics profession.
We will record this presentation and post it to the System Dynamics Society’s YouTube channel.
Call-in details: See below for the Zoom link
[Economics SIG] Alfonso Martinez Valderrama on “Dynamic National Model for Prospective and Analysis of Environmental and Socioeconomic Policies”
Please join us online Friday, June 10th Noon ET (Boston time. Here is a time converter)
In this Collective Learning Meeting (CLM), the System Dynamics Society’s Economics SIG and WPI System Dynamics host Alfonso Martinez Valderrama (amvalderrama1@gmail.com) who will present
Dynamic National Model for Prospective and Analysis of
Environmental and Socioeconomic Policies
Short Description: Alfonso will present a detailed SD model for a National Economy (case Spain: 2000-2030), focusing on an overview of the structure and main modules and views of some results and scenarios.
Question(s)/Comment(s) for the Audience:
a) What experience do you have with Macroeconomics or Economic models using System Dynamics?
b) What type of methodologies do you use when developing an SD model? Stock & flows, System Thinking, Hybrid methods – SD and econometrics and other methods?
c) Do you know more SD models that consider impacts of production/demand shocks (i.e., measures applied for the covid19 pandemic) on the economy
d) Do you have any suggestion for further development or expansion of this model?
Biography:
Professor in Economic Sciences, specialized in quantitative methodologies: System Thinking, System Dynamics, simulation models, econometrics, game theory, programming, algorithms.
Main areas of interest: economics (macro, micro and business strategy), trade, sustainable development, transport, simulation models.
Alfonso worked in consulting (2000-01 Monitor Group, 2007-10 Epypsa, 2012-16 Simulación Dinámica) and in Spanish Public Organizations (2001-07 Comisión del Mercado de las Telecomunicaciones –CMT-, 2017-21 Instituto Español de Comercio Exterior –ICEX-).
We will record this presentation and post it to the System Dynamics Society’s YouTube channel.
Call-in details: https://bit.ly/CLM-2022-06-10
[Economics SIG] Tyrone Keynes on “The Impact on National Accounts from NPI’s: Economic Pandemic Model”
Anything pertaining to the structure of the model and its conclusions.
Please join us online Friday, May 13th Noon ET (Boston time. Here is a time converter)
In this Collective Learning Meeting (CLM), the System Dynamics Society’s Economics SIG and WPI System Dynamics host Tyrone Keynes (tyrone.j.keynes@gmail.com) who will present
The Impact on National Accounts from NPI’s: Economic Pandemic Model
Short Description: Tyrone will present a model and demonstrate the effects of lock-down measures on the national and regional accounts.
Question(s)/Comment(s) for the Audience: Anything pertaining to the structure of the model and its conclusions.
Biography: Tyrone is a production manager at a large plant in Canada and learned System Dynamics to streamline production and operation productivity.
We will record this presentation and post it to the System Dynamics Society’s YouTube channel.
Call-in details: https://bit.ly/CLM-2022-05-13
[Economics SIG] David Wheat on “Modeling Aggregate Firm Demographics and Employment”
Please join us online Friday, April 8th Noon ET (Boston time. Here is a time converter).
In this Collective Learning Meeting (CLM), the System Dynamics Society’s Economics SIG and WPI System Dynamics host I. David Wheat (dwheat@usefulmodels.net) who will present
Modeling Aggregate Firm Demographics and Employment
Short Description: Motivated by Khalid Saeed’s modeling of Schumpeter’s ‘creative destruction’ hypothesis, my model uses an aging chain and co-flow approach to replicate the trends and patterns observed in the U.S. Census Bureau’s aggregate ‘business dynamics’ statistics—those relating to the formation and closing of firms and their establishments, the historical transition from startups to mature firms and, eventually, the end of a business life. The model also replicates the aggregate employment pattern associated with employment at age-specific business firm establishments.
Question(s)/Comments for the Audience: This is part of a comprehensive modeling effort that aims to provide a plausible endogenous explanation for the declining trend in the number of start-up firms in the U.S. economy and, more fundamentally, an explanation for the underlying decline in entrepreneurial activity. This is a wide-ranging project, and collaborators are especially welcome to help with the literature review and data analysis tasks.
Biography: Emeritus Professor Wheat studies economic systems. His research specialty is simulation modeling of macroeconomic structure and behavior in Ukraine and Lithuania, in addition to the United States. For many years, he taught the modeling process course at the University of Bergen, and he continues to teach a policy design course and a course in macrodynamics. Unable to spell retirement, he teaches 10 courses yearly in Norway, Ukraine, Lithuania, and the U.S. His projects include collaboration with Ukrainian economists to build dynamic modeling capacity at national universities in Kyiv and Lviv, creation of a system dynamics version of the central bank’s monetary policy model and, until the war, building an economic policy model for Ukrainian government ministries. He also worked with economists at Lithuania’s central bank to develop a multi-industry system dynamics model of price dynamics in Europe. Prior to joining academia in Norway, he managed his own consulting business in the U.S. and, earlier, served as staff assistant to the President of the United States.
We will not record this presentation.
Call-in details: https://bit.ly/CLM-2022-04-08
[Economics SIG] Networking and Discussion Session
Join us online Friday, February 11th Noon – 1PM ET (Boston time. Here is a time converter).
In this Collective Learning Meeting (CLM), the System Dynamics Society’s Economics SIG and WPI System Dynamics will host a
Networking and Discussion Session
Short Description: This session will be an open session where people can break out into groups to network and discuss any topic or stay in the main Zoom room to discuss Economics SIG business and work on creating the Economics SIG webpage and other Economics SIG volunteer opportunities (e.g., webpage, repository, and a Road Maps for economics).
Call-in details: https://bit.ly/CLM-2022-02-11