Computer simulation modeling as a tool for studying the behavior of dynamic economic systems with an emphasis on applications of the dynamic simulation approach to problems in resource economics and management. STELLA, a computer simulation software, is used in the course.
It requires some knowledge on elementary calculus and introductory differential equations, other than that no mathematics or economics background or computer programming experience will be needed. It is basically a modeling course using a state-of-the-art computer software. Having some exposure to computer modeling using optimization and/or econometrics methods would be desirable although neither of those methods will be used directly in this course.
