Abstract for: Money and Macroeconomic Dynamics

Macroeconomics is one of the core subjects in social science, and macroeconomic behaviors such as the recent financial and debt crises are affecting all of us. The recent macroeconomic book by this instructor: Money and Macroeconomic Dynamics - Accounting System Dynamics Approach (2013) - can deal with these crises in an innovative way becasue it is based on the analytical method of system dynamics. This is the second workshop, being followed by the first one at the Asia-Pacific SD conf. in Tokyo, on Feb. 24, 2014. The workshop is organized for those who are considering the book as a textbook in the SD class and/or macroeconomic modeling classes at the undergraduate and graduate levels, as well as for those SD researchers and economists who are interested in expanding macroeconomic models for their researches and case studies of specific countries. All models are distributed in the workshop, and run on Vensim Model Reader, a free shareware for PC and Mac. Learning macroeconomics by running simulations turns out to be very effective, the instructor believes, not only for the beginners of macroeconomics as well as economic professionals, but also for the SD modelers in general.