Dynamic theories and models

4 important questions on Dynamic theories and models

What is the difference between lineair and exponential growth?

Lineair growth is the constant increase over time. This is also called arithmetical ratio.

Exponential growth is not constant but increases itself over time. This is also called geometrical ratio.

What are system dynamics?

System dynamics is a method to construct dynamic models and is applied to a wide variety of policy and business problems. It researches the behavior of particular variables over time.

What are the two things you need to do in order to run the computer model?

1. Translate the stock and flow model into mathematical equations
2. Select numerical values for the influencing variables.
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
Discover Study Smart

In what way is system dynamics close to induction?

The empirical reality is your point of departure from which hypothesis are generated.

The question on the page originate from the summary of the following study material:

  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo