New Learning tend to reduce Outdated Thinking, Communicating & Learning though our Outdated Thinking, Communicating & Learning inhibits new learning. The question is then how do we break this cycle. Adopted from "An Introduction to Systems Thinking with STELLA" by Barry Richmond.
This Loan Cost Model is the second in the series. It takes into account the potential cost of student loans in the case that the student does not manage to graduate college or does not succeed in their career.
When endeavoring to develop an understanding of the nature of something it is generally useful to create a model of some type to aid in surfacing that understanding.
The purpose of this model is to have the user change the value of stocks, flows and converters to experience a variety of different graphical results. Understanding this generic model is important pre-requisite to learning about intravenous drugs in the body, radioactivity, self-esteem, water flowing from a drain and many other basic natural systems.
When one undertakes to create a model there are a number of guidelines that are considered essential for consideration if there is to be a success with the model.
The model construction process is actually a balancing loop which endeavors to employ an abstract version of real events to form a model which produces conclusions and behavior which mimic the real events.
