Dynamic theories and models - Thomas Malthus and the dynamics of population growth
6 important questions on Dynamic theories and models - Thomas Malthus and the dynamics of population growth
What are variables in characteristic of time series?
What is the difference between stock and flow variables?
Flow variable; Birth and death cannot be measured at a particular moment in time, but over period of times, e.g. Year, month.
How can you represent the simple arithmetic of stock and flow variables?
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What is a causal loop diagram?
e.g. Number of births, influences population, but higher population also leads to higher number of births. This is the so called feedback loop. The number of deaths are remained constant.
What is the ceteris paribus clause?
What is the difference between a reinforcing and balanced feedback loop?
A balanced feedback loop is a negative feedback loop.
The reingforcing loop tells us the other variable moves in the same direction as the influencing variable. E.g. When the number of births increase, the population size increases.
A balanced feedback loop tells us the other variable moves in the opposite direction as the influencing variable. E.g. When the number of deaths increase, the population size will decrease.
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