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Using STELLA simulation models to teach natural resource economics

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  • Sahan T. M. Dissanayake

Abstract

In this article, the author discusses how graphical simulation models created using STELLA software can be used to present natural resource systems in an intuitive way in undergraduate natural resource economics classes based on his experiences at a leading research university, a state university, and a leading liberal arts college in the United States. The models allow students to develop an intuitive understanding of the economic aspects of natural resource systems. The author provides a short introduction to STELLA and then presents an economic model of the fishery in detail as an example of how models can be used in a classroom. He then discusses how he incorporates STELLA into his natural resource economics course, and closes the article by comparing STELLA with alternate methods.

Suggested Citation

  • Sahan T. M. Dissanayake, 2016. "Using STELLA simulation models to teach natural resource economics," The Journal of Economic Education, Taylor & Francis Journals, vol. 47(1), pages 40-48, January.
    • Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:40-48
    DOI: 10.1080/00220485.2015.1106358
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    References listed on IDEAS

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    1. Tao, Zaipu & Li, Mingyu, 2007. "What is the limit of Chinese coal supplies--A STELLA model of Hubbert Peak," Energy Policy, Elsevier, vol. 35(6), pages 3145-3154, June.
    2. Shi, Tian & Gill, Roderic, 2005. "Developing effective policies for the sustainable development of ecological agriculture in China: the case study of Jinshan County with a systems dynamics model," Ecological Economics, Elsevier, vol. 53(2), pages 223-246, April.
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