Insight diagram
Based on System Zoo EZ412D, EZ411, EZ412A.
Bossel: Z411/Z412 Sustainable Ecotourism
Insight diagram
Model-SIM from Chapter 3 of Wynn Godley and Marc Lavoie's Monetary Economics, adapted for an open economy. The model is stock-flow consistent with only government money--no bills or bonds. No central bank and interest rates do not change. Government spends buying output from the production sector. The production sector is passive turning over all revenue over to households. Households save out of income and spend partially spend out of wealth. Imports and exports pass through the production sector illustrating the idea that consumer households buy from domestic businesses that which they have imported. The model also tracks the sectoral balance flows and changes in equity. Sectoral flows and equity balances match each other dollar for dollar to satisfy the sectoral balances accounting identity (Household Saving - Consumption) + (Business Saving - Expenditure) + (Taxes - Government Spending) - (Exports - Imports) = 0. Since business investment occurs internally to the Business Sector, 
SFC_Model-SIM_open_economy
12 months ago
Insight diagram
Causal loop representations of macroeconomics taken from the System Dynamics literature contrasted with Forrester's main analysis of social and business organization layers See also Saeed's Forrester Economics IM-183285
Macroeconomics causal loop diagrams
7 11 months ago
Insight diagram
I have been asked re-model the diagram from question 1(ii) and describe in more depth of the current situation at Mansfield Crowd funds Town Centre
Mansfield Crowdfunds Town centre current situation
Insight diagram

 Goodwin cycle IM-2010 with debt and taxes added, modified from Steve Keen. THis can be extended by adding the Ponzi effect of borrowing for speculative investment.

Minsky Financial Instability Model
Insight diagram
Economic Model
Insight diagram
Pollution/Stakeholder S&F
Insight diagram
A causal loop diagram illustrating solutions for the homelessness problem
Homelessness Model
Insight diagram
This is a simplification of the Austerity vs Prosperity model in the hope that it will be easier to understand.
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Austerity vs Prosperity v0
Insight diagram
WIP Summary of MIchael Hudson's Book Killing the Host: How Financial Parasites and Debt destroy the Global Economy 
Killing the Host
Insight diagram
Collapse of the economy, not just recession, is now very likely. To give just one possible cause, in the U.S. the fracking industry is in deep trouble. It is not only that most fracking companies have never achieved a free cash flow (made a profit) since the fracking boom started in 2008, but that  an already very weak  and unprofitable oil industry cannot cope with extremely low oil prices. The result will be the imminent collapse of the industry. However, when the fracking industry collapses in the US, so will the American economy – and by extension, probably, the rest of the world economy. To grasp a second and far more serious threat it is vital to understand the phenomenon of ‘Global Dimming’. Industrial activity not only produces greenhouse gases, but emits also sulphur dioxide which converts to reflective sulphate aerosols in the atmosphere. Sulphate aerosols act like little mirrors that reflect sunlight back into space, cooling the atmosphere. But when economic activity stops, these aerosols (unlike carbon dioxide) drop out of the atmosphere, adding perhaps as much as 1° C to global average temperatures. This can happen in a very short period time, and when it does mankind will be bereft of any means to mitigate the furious onslaught of an out-of-control and merciless climate. The data and the unrelenting dynamic of the viral pandemic paint bleak picture.  As events unfold in the next few months,  we may discover that it is too late to act,  that our reign on this planet has, indeed,  come to an abrupt end?  
Covid 19 - irreversible and catastrophic consequences
Insight diagram
Olympic Money Pit. Economic Impact Model
Insight diagram
Ecological economics
Insight diagram
In this Insight I focus on the demand site of the Market and Price model, leaving the supply side out.
Demand factors
Insight diagram
This causal loop diagram illustrates the interconnected factors affecting the economic empowerment of Congolese refugee women in Rwanda, with economic dependency as the central problem reinforced by limited access to vocational training, employment opportunities, and financial services. The diagram shows two key reinforcing loops: one where vocational training leads to employment and income generation, which reduces dependency and improves access to further training (R1), and another where income generation builds self-confidence and skills recognition, leading to better employment opportunities (R2), while language barriers and cultural constraints act as inhibiting factors throughout the system.

Causal Loop Diagram: Economic Empowerment of Congolese refugee women in Rwanda.
9 months ago
Insight diagram
This seeks to model increasing improvements in long run economic growth potential as the education level increases.
LR Economic Growth
Insight diagram
An initial study of the economics of single use coffee pods.
Nina Coffee Company Model *
Insight diagram
This model is made to illustrate the components that impact profitability on a basic level. 
Profit maximizing
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
Better Business - Economic
Insight diagram
Diagram to illustrate elasticity for the Regenerative Economics textbook with the dark fat lines showing the direction of the relationship and the dashed lines indicating cross price elasticity.
Elasticity
Insight diagram

Overview

The model shows the industry connection and conflict between Forestry and Mountain Tourism in Derby, Tasmania. The objective of this simulation is to find out the balance point for co-exist.

 

How Does the Model Work?

Both industries can provide economic contribution to Tasmania. Firstly, selling timbers through logging would generate income. Also, spendings from mountain bike riders would generate incomes. However, low tree regrowth rate can not cover up logging, which influences the beautiful vistas and riders' experiences. While satisfaction and expectation depend on vistas and experience, the demand of mountain biking would be influenced through repeat visits and world of mouth as well.

 

Interesting Insights

Although forestry can provide a great amount of economic contribution to Tasmania, over logging goes against ESG framework as well as creating conflict with mountain tourism. As long as the number of rider visits is stable, tourism can always provide a greater economic contribution compared to forestry. Therefore, the government should consider the balance point between two industries.

Simulation of Derby Mountain Bikes versus Forestry