ABSTRACT
It is easy to underestimate the importance of good design and good design guidelines for economic models. In this chapter, we first define “design,” and then provide guidelines for designing MATLAB and Simulink models. We also suggest simulation parameters that will work well for most models used in business economics. This chapter provides quite specific advice for those working in the MATLAB environment; for those working in other software environments, it suggests good practices that will need to be adapted to the specific environment.
