This lecture provides an introduction to system dynamics and simulation. The focus is the key idea of accumulations, as these are the building blocks of any system dynamics model.

Accumulations are also known as stocks or levels, and represent a given quantity of a variable at a point in time. Stocks change only through their flows, and are represented mathematically as integrals (where flows are derivatives).

The following are the handouts:

  • Lecture 01 Handout (a copy of the main slides)
  • Exercise 01 (a copy of the first assignment based on analysing Ireland’s Central Statistics Office (CSO) time series data).

For links to the CSO website, follow this link.