Service Management

Specialization
Systems Thinking
Lesson 3
Economic Systems: Great Depression

Version 1.0 – January 2013

 Class Activity
1. Determine the
variables related
to the system.
2. Connect with
positive (+) or
negative (-)
arrows.
3. Evaluate the
loops.
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Depression: Unemploy-
GDP ment:
Labor force
decreased terminated

Capital Spending:
investment: Products
Stocks consumed
purchased

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 +

Depression: Unemploy-
GDP ment:
Labor force
decreased terminated

_ Capital Spending:
investment: Products
Stocks consumed
purchased

+
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Depression: Self-employ-
GDP ment:
Businesses
decreased established

Capital Spending:
investment: Products
Stocks consumed
purchased

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 +

Depression: Self-employ-
GDP ment:
Businesses
decreased established

_ Capital Spending:
investment: Products
Stocks consumed
purchased

+
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 Case Presentation
1. Analyze the
case as a
group.
2. Present the
solution in
class.
3. Facilitate
discussion.
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