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