Insight diagram
This simple model describes wealth accumulation. The value in income is described by the following simple equation:

simple wealth accumulation model 1.1
Insight diagram
Class Economics
Insight diagram
FORCED GROWTH GROWTH GOES INTO TURBULENT CHAOTIC DESTRUCTION 
 BEWARE pushing increased growth blows the system!
(governments are trying to push growth on already unstable systems !)

The existing global capitalistic growth paradigm is totally flawed

The chaotic turbulence is the result of the concept and flawed strategy of infinite bigness this has been the destructive influence on all empires and now shown up by Feigenbaum numbers and Dunbar numbers for neural netwoirks

See Guy Lakeman Bubble Theory for more details on keeping systems within finite limited size working capacity containers (villages communities)

FORCED GROWTH INTO TURBULENCE
Insight diagram
​Farmers use intensive pesticides to harvest cotton, which is harmful to not only the health of the farmers using them, but also our environment as it pollutes rivers and groundwater that negatively interfere with the ecosystem. Even though these farmers know of the health and environmental risks, they still use harmful pesticides to produce cotton, but why is this so. This stock and flow map should explain what impacts farmers to use pesticides to grow cotton despite the risks and explain the cause and effect relationship their use has on the cotton industry and the environment.
According to Clevo Wilson and Clem Tisdell article, "Why farmer continue to use pesticides despite environmental, health and sustainable costs,"

Pesticide use by farmers:
  • "used to reduce yield losses to pests"
  • "avoid economic losses to ensure economical survival"
  • "increase supply market and reduce market prices"
  • "ignorance of sustainable use"
  • "integral part of commercially grow high yielding varieties so without use, high yields may not be sustained"
  • "damage to agriculture land from the use occurs over long period of time so costs may not look serious short term, but reduces economic welfare in long term"
  • "environmental damage: pollutes rivers and groundwater, destroys beneficial predators and interferes with ecosystem overall"
  • "health risks underestimated"
  • "chemical companies selling it have incentive to push their use by advertising and promotion" (1,9).
Farmer Pesticide Use On Cotton
Insight diagram
Base_economics
Insight diagram
Brainstorming - Scoping constraints of tradeoff microanalysis
Insight diagram

First pass at model depicting importance of Net Capital Accumulation on economic growth of firm - from firm's perspective

Economic Growth Rev 0
Insight diagram
Introduction:
This simulation model demonstrates the outbreak of Covid-19 in Burnie, Tasmania and how the corresponding government’s responses affect the spreading of Covid-19. Meanwhile, this model also shows how the economy in Burnie is influenced by the impacts of both Covid-19 and government policies.

Variables: 
This simulation contains some relevant variables as follow:

Variables in Covid-19 outbreaks: (1) Infection rate, (2) Recovery rate, (3) Death rate, (4) Immunity loss rate

Variables in Government policies: (1) Vaccination rate, (2) Lockdown, (3) Travel ban, (4)Quarantine

Variables in Economy: (1) E-commerce business, (2) Unemployment rate, (3) Economic growth rate.

Assumption:
Government responses would be triggered when reported Covid-19 cases are at least 10.

The government policies reduce the spreading of Covid-19, but they would also limit economic development at the same time due to the negative impact of the policies on the economy is greater than the positive impact.

The increase in reported Covid-19 cases would negatively affect economic growth.

Interesting Insights:
The first finding is that the death number would keep increasing even though the infection rate has decreased, but with stronger government policies (such as implementing a coefficient over 25%), no more death numbers will occur caused by Covid-19.

The second finding is that as government policies limit business activities, with the increasing number of reported Covid-19 cases, economic growth will suffer a severe blow even if e-commerce grows, it can’t make up for this economic loss.
BMA 708 assignment 3 - simulation model of Covid-19 Outbreak in Burnie, Tasmania
Insight diagram

The Logistic Map is a polynomial mapping (equivalently, recurrence relation) of degree 2, often cited as an archetypal example of how complex, chaotic behaviour can arise from very simple non-linear dynamical equations. The map was popularized in a seminal 1976 paper by the biologist Robert May, in part as a discrete-time demographic model analogous to the logistic equation first created by Pierre François Verhulst

Mathematically, the logistic map is written

where:

 is a number between zero and one, and represents the ratio of existing population to the maximum possible population at year n, and hence x0 represents the initial ratio of population to max. population (at year 0)r is a positive number, and represents a combined rate for reproduction and starvation.
For approximate Continuous Behavior set 'R Base' to a small number like 0.125To generate a bifurcation diagram, set 'r base' to 2 and 'r ramp' to 1
To demonstrate sensitivity to initial conditions, try two runs with 'r base' set to 3 and 'Initial X' of 0.5 and 0.501, then look at first ~20 time steps

The Logistic Map
Insight diagram
Final SSM Lionfish Management PT2 revised with Storytelling
3 months ago
Insight diagram
SSM Lionfish Management
4 4 months ago
Insight diagram
Assignment 1- Part 2 Energy Economics and Fossil Fuels
Clone of Clone of Berberian_Energy Economics and Fossil Fuel
Insight diagram
This is a reconstruction of the SIMM model presented in Chapter 2 of Feedback Economics (Contemporary Systems Thinking)

@LinkedInTwitterYouTube


Simple Macroeconomic Model (SIMM) (SFD)
Insight diagram
Investigations into the relationships responsible for the success and failure of nations. This investigation was prompted after reading numerous references on the subject and perceiving that *Why Nations Fail: The Origins of Power, Prosperity, and Poverty* by Acemoglu and Robinson seem to make a great deal of sense.

Original model done for The Perspectives Project though recast into Kumu.
Why Nations Fail
Insight diagram
This is a toy model of an investment market.

Households follow a simple ratio to invest in bonds or equities.  In part, the investment decision is stochastic, such that stock market returns are volatile, with equities more volatile than bonds and with a higher yield. As such, the system shows increasing volatility as the investment bubble grows.


Investment Markets
Insight diagram
Map of Geoffrey M Hodgson's 2015 Conceptualizing Capitalism book summary pdf  with other ideologies added sept 2021 from new politics website
Capitalism and Ideologies
Insight diagram
This model simulates the economics of buying a home. It was created to compare buying a home against using investment returns to pay for rent. According to Micheal Finke, house prices typically run 20x monthly rental rates. 

Try cloning this insight, setting the parameter values for real-world scenarios, and then running sensitivity analysis (see tools) to determine the likely wealth outcomes. Compare buying a home to renting. Note that each run will keep the parameters the same while simulating market volatility.

version 1.9
Home buying simulation 1.9
4 10 months ago
Insight diagram
WIP Section 17.4 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
The Quantity Theory of Money
Insight diagram
Practice insight for homework #3

I want to work in energy efficiency for my future career. Energy audits are reports written based on a building or manufacturing facility's energy use. The report includes an analysis of current energy use, recommendations for retrofits, and projected savings and economics of energy efficiency improvements. 

Energy Audit / Consulting Company
Insight diagram
Based on oid 2016 report to be compared with the Just Justice Framework WIP insight
Overcoming Indigenous Disadvantage
Insight diagram
Investigations into the relationships responsible for the success and failure of nations. This investigation was prompted after reading numerous references on the subject and perceiving that *Why Nations Fail: The Origins of Power, Prosperity, and Poverty* by Acemoglu and Robinson seem to make a great deal of sense.
@LinkedInTwitterYouTube
Why Nations Fail
Insight diagram
This is a first attempt to illustrate the interconnected nature of the economic assets of Roswell - Chaves County
RCC economic model
Insight diagram
This is an important Henry George insight; labor creates all wealth (rather than capital creating it).
This model attempts to illustrate (crudely) how capital responds to price discovery. 
Among many things it will be necessary to show how money is created and the link between money and capital. (10/11/2014) 
To Do
find out how to draw appropriate flows; reinforcing and balancing loops etc
Labor creates Wealth
Insight diagram

On the occasion of th G20-meeting in Toronto, the German Economics minister Herr Schaüble said that without restoring confidence it would not be possible to get consumer spending and business investment going. Similar remarks were made by David Cameron and Señor Zapatero of Spain. All maintain that confidence is a pre-requisite to get growth going and that, therefore, it was imperative to reduce fiscal deficits. Reducing the fiscal deficit will restore confidence at first. However, reducing the deficit very quickly will introduce a dynamic that may cause the economy to decline - and perhaps depress  consumers demand even further.  It will actually destroy confidence: few businesses are inclined to invest in a shrinking economy. Cutting the deficit too rapidly or too steeply can lead to a confidence trap.

NOTE: A big experiment is now taking place in the UK - the government has cut public spending severely! Will this lead to hardship and, perhaps, social unrest? 

Confidence Trap and Growth