Abstract:

The aim of this paper is to show possibility of teaching a matter of complementary currencies through modelling software. Modelling software used was Stella from isee Systems; tasks of students varied. The paper is divided to three parts according to tasks students did. In the first part students were modeling a local currency implementation, which was followed by modelling of economical alternatives. The second part summarizes previously done research about student creativity in the field of modelling of economical alternatives; in this part students were not restricted by any frame to limit their creativity to develop and simulate new economic reality. Finally, the third and the last part, uses a simulation of particular Time Bank, which is also considered to be a complementary currency,  features as a foothold for the decision about usefulness of modelling software in this case. The results of simulations shows it is possible to use simulation software easily to teach this topic which is on the edge of focus of economic education even it has high importance in possible upcoming development of economic paradigm.