文章基本信息

标题：Educational Technology in Economics Instruction
本地全文：下载
作者：Ahmet Kara ; Ahmet Kara
期刊名称：Procedia - Social and Behavioral Sciences
印刷版ISSN：1877-0428
出版年度：2015
卷号：174
页码：568-575
DOI：10.1016/j.sbspro.2015.01.709
语种：English
出版社：Elsevier
摘要：AbstractIn this paper, we will show, in the context of a “market equilibria” example, how the use of educational technology associated with system dynamics makes it possible for instructors to teach undergraduate students topics of economic structures/processes involving nonlinearity, stochasticity, non-differentiability and discontinuity. We present three submodels/subcases associated with the example. In the first model, we have continuous and continuously differentiable linear demand and nonlinear supply functions for a good. Each function involves a stochastic term. In the second model, we do not have a continuous and continuously differentiable demand function but only a demand schedule. The supply function is a continuous nonlinear function of price. In the third model, we have interrelated markets for two goods with discontinuous stochastic demand and nonlinear stochastic supply functions. In all cases, we use system dynamics to find, in a very simple and user-friendly manner, the dynamic equilibrium paths and hence dynamic equilibria in the markets in question.
关键词：economics instruction;system dynamics;market equilibria