Map of SD work on Samuelson's 1939 model of the business cycle. See also D-memo D-2311-2 Gilbert Low 1976 and  IM-165713 . An alernative to the Ch 26 Macroeconomics textbook exposition.  From Gil Low's Multiplier Accelerator Model of Business Cycles, Ch 4 of Elements of the System Dynamics Method Bo
Map of SD work on Samuelson's 1939 model of the business cycle. See also D-memo D-2311-2 Gilbert Low 1976 and IM-165713. An alernative to the Ch 26 Macroeconomics textbook exposition.  From Gil Low's Multiplier Accelerator Model of Business Cycles, Ch 4 of Elements of the System Dynamics Method Book edited by Jorgen Randers 1976 (MIT Press) and 1980 (Productivity Press)
Irving Fisher's Debt Deflation Theory from Michael Joffe Fig. 3.4 p54  Ch3 Feedback Economics Book  with Private Credit Inflation boom added to the  bust cycles
Irving Fisher's Debt Deflation Theory from Michael Joffe Fig. 3.4 p54 Ch3 Feedback Economics Book with Private Credit Inflation boom added to the  bust cycles
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
  Goodwin Model:   This is a basic version of the Goodwin Model based on Kaoru Yamagushi (2013),  Money and Macroeconomic Dynamics , Chapter 4.5 ( link )     Equilibrium conditions:   Labor Supply  = 100  Devation from the equilibrium conditions generates growth cycles.
Goodwin Model:
This is a basic version of the Goodwin Model based on Kaoru Yamagushi (2013), Money and Macroeconomic Dynamics, Chapter 4.5 (link)

Equilibrium conditions:
  • Labor Supply = 100
Devation from the equilibrium conditions generates growth cycles.
This is an evolving attempt to illustrate the interconnected nature of the economic assets of Roswell - Chaves County
This is an evolving attempt to illustrate the interconnected nature of the economic assets of Roswell - Chaves County
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 inc
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.


This is a toy model of fractional reserve banking.    In the first period, there is foreign spending using domestic currency. This spending creates offshore banking reserves.  The offshore bank then lends to the domestic bank. In consequence, the banking sector captures all of yield on government de
This is a toy model of fractional reserve banking.

In the first period, there is foreign spending using domestic currency. This spending creates offshore banking reserves.  The offshore bank then lends to the domestic bank. In consequence, the banking sector captures all of yield on government debt.  
This high-level
simulation model presented by Jay Forrester in his book  World Dynamics , simulates
socio-economic-environmental world system. The world Model was created in a
time where pollution and other negative effects of industrialization and
economic growth started to become recognized in 197
This high-level simulation model presented by Jay Forrester in his book World Dynamics, simulates socio-economic-environmental world system. The world Model was created in a time where pollution and other negative effects of industrialization and economic growth started to become recognized in 1970. For this exam purpose, we have rebuilt the model to do some experiments and analyze the results. 
This simple model describes wealth accumulation. The value in income is described by the following simple equation:
This simple model describes wealth accumulation. The value in income is described by the following simple equation:

20 5 months ago
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
 Simple epidemiological model for Burnie, Tasmania   SIR: Susceptible to infection - Infected - Recovery, Government responses and Economic impacts           Government policy is activated when there are 10 or fewer reported cases of COVID-19. The more people tested, the fewer people became infected
Simple epidemiological model for Burnie, Tasmania
SIR: Susceptible to infection - Infected - Recovery, Government responses and Economic impacts  

Government policy is activated when there are 10 or fewer reported cases of COVID-19. The more people tested, the fewer people became infected. So the government's policy is to reduce infections by increasing the number of people tested and starting early. At the same time, it has slowed the economic growth (which, according to the model,  will stop for next 52 weeks).
A simple model for cc adoption which depends on several condions.
A simple model for cc adoption which depends on several condions.
   Model description:   This model is designed to simulate the outbreak of Covid-19 in Burnie in Tasmania, death cases, the governmental responses and Burnie local economy.     More importantly, the impact of governmental responses to both Covid-19 infection and to local economy, the impact of death
Model description:
This model is designed to simulate the outbreak of Covid-19 in Burnie in Tasmania, death cases, the governmental responses and Burnie local economy. 

More importantly, the impact of governmental responses to both Covid-19 infection and to local economy, the impact of death cases to local economy are illustrated. 

The model is based on SIR (Susceptible, Infected and recovered) model. 

Variables:
The simulation takes into account the following variables: 

Variables related to Covid-19: (1): Infection rate. (2): Recovery rate. (3): Death rate. (4): Immunity loss rate. 

Variables related to Governmental policies: (1): Vaccination mandate. (2): Travel restriction to Burnie. (3): Economic support. (4): Gathering restriction.

Variables related to economic growth: Economic growth rate. 

Adjustable variables are listed in the part below, together with the adjusting range.

Assumptions:
(1): Governmental policies are aimed to control(reduce) Covid-19 infections and affect (both reduce and increase) economic growth accordingly.

(2) Governmental policy will only be applied when reported cases are 10 or more. 

(3) The increasing cases will negatively influence Burnie economic growth.

Enlightening insights:
(1) Vaccination mandate, when changing from 80% to 100%, doesn't seem to affect the number of death cases.

(2) Governmental policies are effectively control the growing death cases and limit it to 195.