Question 1:
Make a distinction between endogenous and exogenous activities, continuous and discrete systems with illustrations.
Question 2:
Illustrate the classification of models and simulation models.
Question 3:
Write down the principles for the building models.
Question 4:
Illustrate corporate model as an integrated unit of the subsystems and components.
Question 5:
Illustrate out the Monte carlo method as a numerical computational technique.
Question 6:
Illustrate out the cobweb model as a type of distributed lag model.
Question 7:
Illustrate out the numerical computational technique using an illustration of a continuous model.
Question 8:
Illustrate out the logistic curve as a combination of two types of growth models.