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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
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)
- Migration + + Wage Unemployment Differences Differences C4 + C3 + Ci Unemployment Receiving Unemployment Sending + + Labour Supply Receiving Labour Demand Labour Supply Receiving Sending Labour Demand Wage Receiving Sending C2 Wage Sending Figure 8: System Dynamics representation of Neo-classical theory - Migration + + Wage Unemployment Differences Differences C4 + C3 + Ci Unemployment Receiving Unemployment Sending + + Labour Supply Receiving Labour Demand Labour Supply Receiving Sending Labour Demand Wage Receiving Sending C2 Wage Sending Figure 8: System Dynamics representation of Neo-classical theoryStep by Step Solution
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