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.
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
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