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Economic Model - Final Project

Christy Maynard

Brainstorming - Scoping constraints of tradeoff microanalysis

Laura Anne Geronimo

Lakon_Energy Economics Fossil Fuel

Nick Lakon

Leprino represents the cheesemaking capacity of RCC. Any manufacturers beyond Leprino are explicitly implied to be included

RCC Economic model

Jens Deichmann

Class Economics

Neon Schaf

10 months ago

Verano, Mary Ann (Economic Data)

Verano, Mary Ann U.

Goodwin cycle IM-2010 with debt and taxes added, modified from Steve Keen's illustration of Hyman Minsky's Financial Instability Hypothesis "stability begets instability". This can be extended by adding the Ponzi effect of borrowing for speculative investment.

Minsky Financial Instability Model

Geoff McDonnell

29

Presentation version

MEA Simulation Ellen 2

Marcos Fraiha

PO 2020

Andreas Romppel

To compete with cheap price and convenience,

Community Economy must provide the distinct merits; human connection, belief in person, unique quality enable citizens willing to pay for fair price.

Community Values Change the Spending Choice of Citizens for Economic Equity

Hanbit Jeong

An initial study of the economics of single use coffee pods.

TENESPRESSO

Tenay Malachi

Socio-economic Cycle - Final Porjecy

Jeremy Tardioli

Difficulties with formulae and links

Problems with formulae and links

Ariovistus

CLD for Tourism in Maldives

Akansha Jha

This model illustrates the current practice and consequences of government spending. Following the direction of the arrows from right to left the model shows the following sequence based on current practice:

Government Spending at a certain point leads to spending in excess of tax receipts. This will automatically lead to the issue of treasuries in the belief that the excess spending must be financed by borrowing (although the government has the capacity to create money). This in turn will increase the national debt.

Consequences that follow from this practice:

1) That national debt increases whenever the government spends in excess of tax receipts.

2) That the government must pay interest on the debt issued, which in turn increases and reinforces the need for government spending.

3) That the interest paid on treasuries will increase private sector income.

There is an alternative view, supported by Modern Monetary Theory, of how government spending can proceed. Please see this Insight:

https://insightmaker.com/insight/19954

Government Spending (Current Practice)

Hanns-Jürgen Hodann

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.

Burnie Tasmania Covid - 19 outbreak simulation Model by Yankang Huang 541 277

Yankang Huang

Final Project Socio-Economic Model

Max Douglas

A simple model for cc adoption which depends on several condions.

Cloud Computing adoptation

Rohit Nalavade

first draft with forked supply demand example intact

Backup of Associative Economics - The Farmer, The baker and The Bread Eaters

Joshua Gottdenker

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.

Clone of Simple Climate-Carbon-Economic Model

Ana Belén Ríos CArmona

From Jay Forrester 1988 killian lectures youtube video describing system dynamics at MIT. For more detailed biography See Jay Forrester memorial webpage For MIT HIstory see IM-184930 For Applications se IM-185462

System Dynamics Concepts

Geoff McDonnell

5

This is Figure 6 from Lancastle, N. (2012) 'Circuit Theory Extended: The Role of Speculation in Crises' based on Keen, S. (2010). Solving the Paradox of Monetary Profits.

http://www.economics-ejournal.org/economics/journalarticles/2012-34

Banks expand their lending, which in this model leads to higher production, wages and spending. The result is an increase in total spending.

Keynesian Boost

Neil Lancastle

Very basic stock-flow diagram of simple interest with table and graph output in interest, bank account and savings development per year. Initial deposit, interest rate, yearly deposit and withdrawal, and initial balance bank account can all be modified.

I have developed a lesson plan in which students work on both simple and compound interest across both IM and Excel. I also wrote an article about this in Dutch, which you can translate using for example Google Translate: https://kdrive.infomaniak.com/app/share/1524656/93e2021a-6fc1-4b2c-8bcd-643a607526db

Also have a look at some of my other diagrams, for example: https://insightmaker.com/insight/6hPaqcl0YETrQcWKYkXeu2

Stock-Flow diagram of savings account - simple interest

Henny van Dongen

8 9 months ago

Economic capital growth in a system constrained by a non-renewable resource, Figure 37 from Thinking in Systems by Donella H. Meadows

Clone of REM 221 Figure 37. Economic capital

JP Burklow