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This model shows the negative effects of COVID 19 outbreak in Philippines which has impacted the  economy and mortality. The relationship between COVID-19 to economic situation and death rate has been shown in the graph. Based on the model, lacking of government policy indicates an increased in COVID 19 cases. Thus, result in rapid increase of poverty caused by unemployment   and disruption of business establishments which is are both indicator of economic crises. Moreover, rapid increased of COVID cases and suffering due to economic crisis results to an increased of death rate.
Ph_Covid19SDM_Orendain, Lloyd Lesther
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Clusters of interacting methods for improving health services network design and delivery. Includes Forrester quotes on statistical vs SD methods and the Modeller's dilemma. Simplified version of IM-14982 combined with IM-17598 and IM-9773
Complex Decision Technologies
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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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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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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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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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Socio-economic Cycle - Final Porjecy
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economic
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An initial study of the economics of single use coffee pods.
TENESPRESSO
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Georgism
9 months ago
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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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Part 2 of Lab 1
Van Dusen_Energy Economics and Fossil Fuel
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Simple causal loop diagram of a compound interest savings account.
Causal loop diagram of savings account
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A Model for COVID-19 outbreak
AT3
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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 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
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Reinforcing Economic Inequality
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Current and proposed Structure of CCP and related Models expanding on the details provided in the Project Completion plan IM-101760
Structure of the CCP Models
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COVID-19 Outbreak in Burnie Tasmania
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Summary of Ch1 of Mitchell Wray and Watts Textbook see IM-164967 for overview
Macroeconomics Introduction