Insight diagram
Better Business - Economic
Insight diagram
This seeks to model increasing improvements in long run economic growth potential as the education level increases.
LR Economic Growth
Insight diagram
Ecological economics
Insight diagram
Marine tourism and snorkeling in the maldives
Insight diagram
This page provides a structural analysis of POTUS Candidate Mike Huckabee's economic policy based on the information at: http://www.mikehuckabee.com/tax-reform and http://www.mikehuckabee.com/spending-debt (here, the candidate did not have a single clear economic policy, so we used economic elements from other policy statements that were clearly relevant).   The method used is Integrative Propositional Analysis (IPA) available: ​ http://scipolicy.org/uploads/3/4/6/9/3469675/wallis_white_paper_-_the_ipa_answer_2014.12.11.pdf
DRAFT IPA of Mike Huckabee Economic Policy
Insight diagram
This model is made to illustrate the components that impact profitability on a basic level. 
Profit maximizing
Insight diagram
Spending by the government creates its own 'financial resource' as the process of crediting an account in the private sector takes place. This may sound like nonsense, but in fact it is 'monetary reality'. This premise is supported by Bell (1998; 2000) and Wray (1998a) who argue that the Treasury does not need to collect or borrow funds in order to spend, but crates new funds as it spends.

Perhaps the following thought experiment  helps to understand how this is possible.  

If you imagine two drawers, each representing an account. The first drawer contains 100 gold coins and the second is empty. Also imagine that there are no other gold coins available at this time. Let's call the first drawer account A and the second account B. Now if you want to transfer 30 gold coins from account A to account B, you would actually first have to take the coins out of drawer A and then place them into drawer B. Account A will then necessarily have 30 coins less in it. Now imagine accounts A and B are held in a computer as electronic money. Instead of 100 gold coins, account A only contains the computer generated number '100'  and account B shows '0'. To get account B to show a balance of '30', it would now simple be necessary to change the '0' to '30' on the computer. The need to raid account A and to take '30' from the number '100' before you could credit  account B does not exist. Money is created as it is entered in B's account irrespective of whether A's account is debited before or after this process or not at
Monetary Reality
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
Business Economic Sustainability
Insight diagram
The causes of homelessness is illustrated in this causal loop diagram
Homelessness problem
Insight diagram
Socio-Economic Model (final)
Insight diagram
this model shows the relationship between economic growth and government debt (just the bailout debt) and the mortgage default burden. At the current rates, the debt will never be paid off.
bailout debt, mortgage defaults and economic growth
Insight diagram
This model is a reproduction of Forrester's (1973) World Dynamics model. 
Built for the purposes of the Final Exam GEO-SD-303 "Model-based Analysis and Policy Design" as part of UiB M.Phil in System Dynamics, Fall 2023
WD
Insight diagram
Economic Model - Final Project
Insight diagram
Develop a system model using the gathered  Biophysical, Socio-economic, and Cultural data of Iwahig
System Thinking and Modelling
Insight diagram
A single resource is used​ with a constant rate and converted into products in use. After a while, these products become unusable because of aging. The recycling of these unusable products is imperfect, thus the amount of not recyclable resource grows (until a better recycling process is invented).
Resource 1
Insight diagram
WIP concepts from Rachel Turner's Book Neo-liberal Ideology
Neoliberal concepts
Insight diagram
Final SSM Lionfish Management PT2 revised with Storytelling
5 months ago
Insight diagram
Systemigram Model Building Exercise
Systemigram Model Building Exercise
6 months ago
Insight diagram
BAM economic model
Insight diagram
Economic Simulation
Insight diagram
Vicious economic circle of Aboriginal people
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 2.0
Home buying simulation 2.0
11 months ago