Slider-block models are often used to simulate earthquake dynamics. However, the models' origins are more conceptual than analytical. This study uses Navier's equations of an elastic bulk to derive a one-dimensional slider-block model, the Burridge-Knopoff model. This model exhibits a critical phase transition by varying the friction parameter. Accurate analytical estimates are made of event size limits for the small scale, large scale, and intermediate dynamic phases. The absence of large scale quasiperiodic delocalized events is noted for the parameter set investigated here. The time intervals between large scale events are approximately exponentially distributed for the system in its critical state, in agreement with the theory of nonequilibrium critical systems and earthquake dynamics.