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Study of the self-and all the rest society
Economic Insight
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Difficulties with formulae and links
Problems with formulae and links
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System Zoo Z409 Fishery dynamics from Hartmut Bossel (2007) System Zoo 2 Simulation Models. Climate, Ecosystems, Resources

Fishing is a classic example for use of a renewable resource. Unless overfished, fish populations If is hardly by fishing, then the fish population will persist at a constant size corresponding to its specific ecological envi­ ronment If the stock is overfished, the juvenile generation becomes too small to fully replace the adult generation. If overfishing continues. the population cannot recover and will collapse in short time. Even if fish catch stops now/, it could take decades until the fish population recovers to its original size if it hasn't become extinct meanwhile. In many of the world overtlshing has led, and still leads, to the complete collapse of formerly huge tlsh populations: herring in the North Sea, codtlsh in the Northern Atlantic. tuna, whales to name only a few. With the collapse of fish stocks came the collapse of the t1shing industry in many regions. Employment and
incomes disappeared: whole regions (like Newfoundland) lost their economic base.​
REM 221 - Z409 Fishery dynamics
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Verano, Mary Ann (Economic Data)
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Project Stage 1
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WIP  based on Where profits come from paper , Nathan Tankus blog and other historical sources
Monetary Circuit Flows
5 months ago
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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
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This Model was developed from the SEIR model (Susceptible, Enposed, Infected, Recovered). It was designed to explore relationships between the government policies regarding the COVID-19 and its impact upon the economy as well as well-being of residents. 

Assumptions:

Government policies will be triggered when reported COVID-19 case are 10 or less;


Government Policies affect the economy and the COV-19 infection negatively at the same time;


Government Policies can be divided as 4 categories, which are Social Distancing, Business Restrictions, Lock Down, Travel Ban, and Hygiene Level, and they represented strength of different aspects;

 

Parameters:

Policies like Social Distancing, Business Restrictions, Lock Down, Travel Ban all have different weights and caps, and they add up to 1 in total;

 

There are 4 cases on March 9th; 

Ro= 5.7  Ro is the reproduction number, here it means one person with COVID-19 can potentially transmit the coronavirus to 5 to 6 people;


Interesting Insights:

Economy will grow at the beginning few weeks then becoming stagnant for a very long time;

Exposed people are significant, which requires early policies intervention such as social distancing.

Model of COVID-19 Outbreak in Burnie, Tasmania
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economic
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The World Socio-Economics model is computer model to simulate the consequence of interactions between the earth and human systems based on the World3 model by the work of Club of Rome, The Limits to Growth[1].

The World3 model builds by system dynamics theory that is has an approach to understanding the nonlinear behaviour of complex systems over time using stocks, flows, feedback loops, table functions and time delays.

The Limits to Growth concludes that, without substantial changes in resource consumption, "the most probable result will be a rather sudden and uncontrollable decline in both population and industrial capacity". 

Since the World3 model was originally created, it has had minor tweaks to get to the World3-91 model used in the book Beyond the Limits[2], later improved to get the World3-03 model used in the book Limits to Growth: the 30 year update[3].

References;
[1] Meadows, Donella H., Meadows, Dennis L., Randers, Jørgen., Behrens III, William W (1972). The Limits to Growth. 

[2] Meadows, Donella H., Dennis L. Meadows, Randers, Jørgen., (1992). Beyond the limits: global collapse or a sustainable future.

[3] Meadows, Dennis., Randers, Jørgen., (2004). The limits to growth: the 30-year update.
World Socio-Economics model 2000-2100
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first draft with forked supply demand example intact
Backup of Associative Economics - The Farmer, The baker and The Bread Eaters
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Goodwin Model:
This is a basic version of the Goodwin Model based on Kaoru Yamagushi (2013), Money and Macroeconomic Dynamics, Chapter 4.5 (link)

Equilibrium conditions:
  • Labor Supply = 100
Devation from the equilibrium conditions generates growth cycles.
Goodwin Model
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Explanation of the Model

This is a sample model of Covid-19 outbreak in Burnie, Tasmania showing how the Government responds by implementing relevant health policy and the effects on the Economy of the area. 
 
Assumptions

Economic growth rate is dependent on the proportion of the population who can be exposed. Number of COVID cases negatively impacts the economy. Govt policy is triggered when COVID-19 cases are 10 or more.

Interesting Insights

1) Exposure to the disease has a positive relationship with economic growth rate because the more people goes out, more business activity takes place, resulting in Economic Growth.

2) Increasing the Testing rate results in:

- Higher cases being detected

- Stricter Govt Policy

- Less Deaths


 


Covid-19 outbreak in Burnie Tasmania
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This model demonstrates the intertwining relationship between the economic contribution of industrial logging and that of adventure tourism (dominated by mountain biking).

In terms of the revenue from industrial logging at Derby, it is driven by demand of timber and the timber price. However, the forest resources are limited, which will put constraints on the expansion of industrial logging due to regrowth rate and existing forestation.

The tourism can bring economic benefits to Derby from hospitality and selling tickets to local adventure activities. The hospitality income can be determined by the average length of holidaying at Derby and average local pricing for accommodation, food and beverages and related essentials. Tickets sales are largely affected by the similar factors such as average expense per activity and average number of activities that tourists usually choose. Having explained the streams of possible income from the tourism, the key driver for tourism income is the desire or demand to travel. Unlikely logging, tourism is renewable and perpetual. However, logging can be conceived as a major constraint on attracting as many tourists as the economy so desires.

This is because deforestation caused by logging will diminish the natural scenery at Derby and in turn, the tourist operations and attractions based upon natural scenery. Loss of forest resources is likely to make Derby less attractive to visitors.

In short, the tourism and logging both provides economic benefits to Derby but in a competing relationship. However, the sustainability possessed by tourism cannot be rivaled by industrial logging in long term. Logging revenue reveals its advantage at inception of observed time period. Such advantage wears out over the time due to reduction in resources and sluggish regrowth. Eventually. the tourism income turns into the major player. To understand how they co-exist, please simulate the model. 

Yuanhao Luo 583089 Logging v Mountain Biking
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An initial study of the economics of single use coffee pods.
TENESPRESSO
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Socio-economic Cycle - Final Porjecy
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Part 2 of Lab 1
Van Dusen_Energy Economics and Fossil Fuel
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Georgism
9 months ago
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This is a reconstruction of the SIMM model presented in Chapter 2 of Feedback Economics (Contemporary Systems Thinking)

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Clone of Simple Macroeconomic Model (SIMM) (SFD)
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Reinforcing Economic Inequality
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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
3 months ago
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A Model for COVID-19 outbreak
AT3
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Investment with depreciation (good/bad economy)
6 last month