In this lecture, we review topics from Chapter 9 of Morecroft (2015) on public sector applications of strategic modelling (i.e., system dynamics modeling, SDM). We start by walking through Forrester's Urban Growth Dynamics model and how it helps act as a lens for thinking about the drivers of stagnation in cities. Then we shift to thinking about regulation in a fishery. We take this opportunity to introduce the notion of a "tipping point" as well as the tool of a "bifurcation diagram." We do not have enough time to show how to endogenize exploitation decisions within the fishery model, but details of this are presented by Morecroft (2015).
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