Model description:     This model is designed to simulate the Covid-19 outbreak in Burnie, Tasmania by estimating several factors such as exposed population, infection rate, testing rate, recovery rate, death rate and immunity loss. The model also simulates the measures implemented by the governm

Model description: 

This model is designed to simulate the Covid-19 outbreak in Burnie, Tasmania by estimating several factors such as exposed population, infection rate, testing rate, recovery rate, death rate and immunity loss. The model also simulates the measures implemented by the government which will impact on the local infection and economy. 

 

Assumption:

Government policies will reduce the mobility of the population as well as the infection. In addition, economic activities in the tourism and hospitality industry will suffer negative influences from the government measures. However, essential businesses like supermarkets will benefit from the health policies on the contrary.

 

Variables:

Infection rate, recovery rate, death rate, testing rate are the variables to the cases of Covid-19. On the other hand, the number of cases is also a variable to the government policies, which directly influences the number of exposed. 

 

The GDP is dependent on the variables of economic activities. Nonetheless, the government’s lockdown measure has also become the variable to the economic activities. 

 

Interesting insights:

Government policies are effective to curb infection by reducing the number of exposed when the case number is greater than 10. The economy becomes stagnant when the case spikes up but it climbs up again when the number of cases is under control. 

Based on the Market and Price simulation model in System Zoo 3, Z504. In this model the profit calculations were not realistic. They were based on the per unit profit, which does not take items not sold into account. Also the model was not very clear on profit since it was included in the total prod
Based on the Market and Price simulation model in System Zoo 3, Z504. In this model the profit calculations were not realistic. They were based on the per unit profit, which does not take items not sold into account. Also the model was not very clear on profit since it was included in the total production costs and consequently in the unit costs and subsequently profit was calculated by subtracting unit costs of the market price. Thus profit had a double layer which does not make the model better accessible. I have tried to remedy both in this simplified version.
 The economy is a self-organizing
system that needs continuous growth and a constant inflow of energy and
materials in order to maintain itself. 
Absence of growth will make the system fragile, and economic contraction
could lead very quickly to its collapse. These are characteristics of dissipative

The economy is a self-organizing system that needs continuous growth and a constant inflow of energy and materials in order to maintain itself.  Absence of growth will make the system fragile, and economic contraction could lead very quickly to its collapse. These are characteristics of dissipative systems that apply to the free market economy. Another characteristic is that economic activity will unavoidably lead to the generation of waste heat, greenhouse gases and waste materials that the system must expel into its environment, making the system unviable in the present context of global warming and increasing oil prices.

The simplified graphic representation of the economy shows how it is basically profits that generate the funds for the resources needed to guarantee that the system can continue to grow. Loans do not fulfil this function, since loans must be repaid from profit and credit institutions will be reluctant to extend loans if they fear their profits are endangered by the inability of creditors to generate enough income to meet interest payments. So the system depends on private companies and blind market forces. However, society can no longer rely on a system that is blindly guided by the profit motive and that is to a large degree responsible for much of the environmental problems that now afflict us. The system cannot continue in its present self-reinforcing growth mode. Governments can and must step in to fulfil their responsibility and fundamentally reform a system that has become harmful and that is driven exclusively by profit.

 
 Adapted from Fig 12.1 p.476 of the Book James A. Forte ( 2007), Human Behavior and The Social Environment: Models, Metaphors and Maps for Applying Theoretical Perspectives to Practice; Thomson Brooks/Cole Belmont ISBN 0-495-00659-9

Adapted from Fig 12.1 p.476 of the Book James A. Forte ( 2007), Human Behavior and The Social Environment: Models, Metaphors and Maps for Applying Theoretical Perspectives to Practice; Thomson Brooks/Cole Belmont ISBN 0-495-00659-9

           Despite a mature field of inquiry, frustrated educational policy makers face a crisis characterized by little to no clear research-based guidance and significant budget limitations --  in the face of too often marginal or unexpectedly deleterious achievement impacts. As such, education pe
Despite a mature field of inquiry, frustrated educational policy makers face a crisis characterized by little to no clear research-based guidance and significant budget limitations --  in the face of too often marginal or unexpectedly deleterious achievement impacts. As such, education performance has been acknowledged as a complex system and a general call in the literature for causal models has been sounded. This modeling effort represents a strident first step in the development of an evidence-based causal hypothesis: an hypothesis that captures the widely acknowledged complex interactions and multitude of cited influencing factors. This non-piecemeal, causal, reflection of extant knowledge engages a neuro-cognitive definition of students.  Through capture of complex dynamics, it enables comparison of different mixes of interventions to estimate net academic achievement impact for the lifetime of a single cohort of students. Results nominally capture counter-intuitive unintended consequences: consequences that too often render policy interventions effete. Results are indexed on Hattie Effect Sizes, but rely on research identified causal mechanisms for effect propagation. Note that the net causal interactions have been effectively captured in a very scoped and/or simplified format.  Relative magnitudes of impact have been  roughly adjusted to Hattie Ranking Standards (calibration): a non-causal evidence source. This is a demonstration model and seeks to exemplify content that would be engaged in a full or sufficient model development effort.  Budget & time constraints required significant simplifying assumptions. These assumptions mitigate both the completeness & accuracy of the outputs. Features serve to symbolize & illustrate the value and benefits of causal modeling as a performance tool.
WIP Clone of Conceptualizing Capitalism  Insight  to summarise Thorstein Veblen's writings on the Nature of Capital and other Institutional economics concepts
WIP Clone of Conceptualizing Capitalism Insight to summarise Thorstein Veblen's writings on the Nature of Capital and other Institutional economics concepts
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.
A simple budget planning system.  What additional complexities can you add?
A simple budget planning system.  What additional complexities can you add?
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 model of the global economy, the global carbon cycle, and planetary energy balance.    The planetary energy balance model is a two-box model, with shallow and deep ocean heat reservoirs. The carbon cycle model is a 4-box model, with the atmosphere, shallow ocean, deep ocean, and terrestrial c
Simple model of the global economy, the global carbon cycle, and planetary energy balance.

The planetary energy balance model is a two-box model, with shallow and deep ocean heat reservoirs. The carbon cycle model is a 4-box model, with the atmosphere, shallow ocean, deep ocean, and terrestrial carbon. 

The economic model is based on the Kaya identity, which decomposes CO2 emissions into population, GDP/capita, energy intensity of GDP, and carbon intensity of energy. It allows for temperature-related climate damages to both GDP and the growth rate of GDP.

This model was originally created by Bob Kopp (Rutgers University) in support of the SESYNC Climate Learning Project.
WIP Dynamic map from Steve Keen's Minsky at 100 Lecture  video  and slides and later Emergent Macroeconomics papers
WIP Dynamic map from Steve Keen's Minsky at 100 Lecture video and slides and later Emergent Macroeconomics papers
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.
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, 
10 months ago
Extended from  Im-628  Supply and demand by adding control folder. See also Managing Health Services Use  IM-17566   Based on JHPPL 2015  article  Note here the framing is an economic exchange rather than a public service (needs-services-resources) or capabilities
Extended from Im-628 Supply and demand by adding control folder.
See also Managing Health Services Use IM-17566
Based on JHPPL 2015 article Note here the framing is an economic exchange rather than a public service (needs-services-resources) or capabilities
A causal loop diagram illustrating solutions for the homelessness problem
A causal loop diagram illustrating solutions for the homelessness problem
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
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
7 9 months ago