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Nodal dynamic models allow rapid reduced-order simulations of complex systems. This paper presents a publicly available system dynamic model of a molten salt reactor system with a topology of the Molten Salt Reactor Experiment (MSRE), in MATLAB/Simulink, building upon a model previously published and validated with MSRE data. It adds scaling of nominal power, dynamic representation of decay heat generation, a generic decay heat removal system, improved documentation, modularity, and test cases. One hour of system transient runs in less than 10 min on a laptop. This model is intended for first order engineering calculations, developing insights into system transient behavior, equipment sizing, parameter sensitivity studies. The model contains an easy to use toolkit which can be customized and expanded to describe any molten salt reactor system. Scenarios involving off-normal transients are presented. Relation between shutdown reactivity insertions, decay heat removal, core recriticality, and safe shutdown conditions are discussed. [ABSTRACT FROM AUTHOR]