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Create a system dynamics model for unemployment. Include at least 10 variables with their positive (+) or negative (-) relationships. (I'll upvote if done so).
Create a system dynamics model for unemployment. Include at least 10 variables with their positive (+) or negative (-) relationships. (I'll upvote if done so). Tip: research causes and effects of unemployment.
System dynamics is a highly abstract method of modeling. It ignores the fine details of a system, such as the individual properties of people, products, or events, and produces a general representation of a complex system.
Example: (It doesn't have to have the same variables)
C4 Labour Supply Unemployment Differences + Unemployment Sending - Migration + Sending Labour Demand Sending + C2 C3 Unemployment Receiving + Labour Demand Receiving Labour Supply Receiving Cl + Wage Receiving Wage Sending Wage Differences + Figure 8: System Dynamics representation of Neo-classical theory
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