Insight diagram
Untitled Insight
Insight diagram
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
8 9 months ago
Insight diagram
FORCED GROWTH GROWTH GOES INTO TURBULENT CHAOTIC DESTRUCTION 
 BEWARE pushing increased growth blows the system!
(governments are trying to push growth on already unstable systems !)

The existing global capitalistic growth paradigm is totally flawed

The chaotic turbulence is the result of the concept and flawed strategy of infinite bigness this has been the destructive influence on all empires and now shown up by Feigenbaum numbers and Dunbar numbers for neural netwoirks

See Guy Lakeman Bubble Theory for more details on keeping systems within finite limited size working capacity containers (villages communities)

FORCED GROWTH INTO TURBULENCE
Insight diagram
Verano, Mary Ann (Economic Data)
Insight diagram
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
Insight diagram
Starts from the bathtub model of economics developed by TSSEF.se (see the explanation here). It adds rich and poor and you can change the constraints on the system by moving the sliders (taxes, wages, rates, dividends etc) to see how the economic system functions at national level.

I have tried every combination I can but I think you will agree with me that the system is unstable. OR maybe I forgot something.
Bathtub simulation with classes
Insight diagram
Difficulties with formulae and links
Problems with formulae and links
Insight diagram
An initial study of the economics of single use coffee pods.
TENESPRESSO
Insight diagram
This insight maker depicts the correlations between energy supply and water use in desalination potential in South Africa. 
Pink: economics and quality of life.
Yellow: energy supply
Orange: variable links
Blue: water and its relationships 
Green: household unit of population measurement
GSVS4559_21F_waterdesalination
Insight diagram

Wagdy Samir work in progress

Clone of MacroEconomics
Insight diagram
Clone of Pesticide Use in Central America for Lab work


This model is an attempt to simulate what is commonly referred to as the “pesticide treadmill” in agriculture and how it played out in the cotton industry in Central America after the Second World War until around the 1990s.

The cotton industry expanded dramatically in Central America after WW2, increasing from 20,000 hectares to 463,000 in the late 1970s. This expansion was accompanied by a huge increase in industrial pesticide application which would eventually become the downfall of the industry.

The primary pest for cotton production, bol weevil, became increasingly resistant to chemical pesticides as they were applied each year. The application of pesticides also caused new pests to appear, such as leafworms, cotton aphids and whitefly, which in turn further fuelled increased application of pesticides. 

The treadmill resulted in massive increases in pesticide applications: in the early years they were only applied a few times per season, but this application rose to up to 40 applications per season by the 1970s; accounting for over 50% of the costs of production in some regions. 

The skyrocketing costs associated with increasing pesticide use were one of the key factors that led to the dramatic decline of the cotton industry in Central America: decreasing from its peak in the 1970s to less than 100,000 hectares in the 1990s. “In its wake, economic ruin and environmental devastation were left” as once thriving towns became ghost towns, and once fertile soils were wasted, eroded and abandoned (Lappe, 1998). 

Sources: Douglas L. Murray (1994), Cultivating Crisis: The Human Cost of Pesticides in Latin America, pp35-41; Francis Moore Lappe et al (1998), World Hunger: 12 Myths, 2nd Edition, pp54-55.

Clone of ENV 221 - Casual Loop diagramming
Insight diagram
first draft with forked supply demand example intact
Backup of Associative Economics - The Farmer, The baker and The Bread Eaters
Insight diagram
This page provides a structural analysis of POTUS Candidate Jim Webb. 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 Jim Webb POTUS candidate economic policy
Insight diagram
Based on chapter 14 of Modeling Dynamic Economic Systems
Quasi-competitive equilibrium model
201
Insight diagram
Study of the self-and all the rest society
Economic Insight
10 months ago
Insight diagram
Storytelling of My Investigating Insight Theme
Insight diagram
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)
Insight diagram
Socio-economic Cycle - Final Porjecy
Insight diagram
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
Insight diagram
Michael Marmot's Eur J Epidemiol Essay 2017 See also IM-62760  Social determinants of health from Michael Marmot's  ABC 2016 Boyer Lectures on Social Justice and the Health Gap
Social Justice, Epidemiology and Health Inequalities
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
Insight diagram
LS Greenway
Insight diagram
The upper diagram shows the principal factors that have an influence on the budget deficit and indicates what needs to be done to correct it. But this is not the full story. The diagram below shows that  cutting public expenditure reduces aggregate demand and  increases unemployment. The reduction of aggregate demand  reduces  economic activity which has the effect of reducing  tax revenue.  In addition, the state has to pay out funds as there is a need for more unemployment benefit payments.   The result of these austerity measures  is often the opposite of their intended purpose: they can increase rather than decrease the budget deficit.

There is plenty of empiric evidence to show that this has happened time and time again. For instance, a report from UNCTAD (United Nations Conference on Trade and Development) found that between 1990 and 2000 in all the  cases examined where cutbacks in public spending and tax increases were used, the fiscal situation did not only not improve but worsened. Despite such repeated evidence, unfortunately calls for  austerity measures continue to be heard. 

Fallacy of Spending Cuts
Insight diagram
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