Understanding the Economic Crisis is the first in a series of video presentations that show how skilled practitioners in the field of Systems Thinking tackle common and seemingly intractable problems.
In this video, Dr. Mark Paich illustrates how the iThink and STELLA software can be used to shed light on the recent financial crisis. |
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Overview
Understanding the Economic Crisis is a 55-minute video presentation illustrating how the iThink and STELLA software can be used to better understand the recent global economic meltdown.
Dynamic modeling expert, Mark Paich, shows how the Systems Thinking methodology can lead to insights about complex issues by following a rich process of looking at behavior, laying out the stock/flow structure, closing feedback loops, connecting structure to behavior and investigating policy.
Mark begins his presentation with the story of how an individual responds to an economic downturn. He then expands upon the individual model to show the implications of individual behavior on the overall economy.
Online access to videos, slides and model make for easy viewing anywhere!
View a 5-minute video trailer and read more on the isee blog.
About the Presenter
Mark Paich is a principal at Lexidyne, LLC, a leading provider of dynamic modeling consulting and training services. Mark is widely regarded as one of the world’s foremost experts on the dynamic modeling methodology, both as an experienced analyst and a proven instructor.
With 30 years of modeling experience, Mark's clients include more than fifty Fortune 500 companies. His work with General Motors has been widely published and, in 2002 was honored with 2nd place in the Edelman Competition for best work in operations research and management science. He holds a PhD in System Dynamics from MIT, a Master of Economics degree from the University of Colorado and a BA in Economics from The Colorado College.
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