I have been doing a bit of research into the Goodwin Model (1967), which generates cycles of economic activity. I understand that this is mostly used in macroeconomics. However, I am curious if this predator-prey style model can adequately model the dynamic between workers share if output and their employment levels at the level of an industry versus the economy as a whole?
I've done some preliminary literature searches to see if it can be applied in a micro, rather than macro context, but have not found anything on this. Does anyone know if this is feasible? If not, can someone point me in the proper direction of a micro model which might do something similar?