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

INTRODUCTION

COVID-19

Coronavirus which was named COVID-19 is a respiratory disease which affects the lungs of the infected person and thus making such people vulnerable to other diseases such as pneumonia. It was first discovered in Wuhan China in December 2019 and since then has spread across the world affecting more than 40 million people from which over one million have died.

In the early discovery of the COVID-19, there were measures that were put in place with the help World Health Organization (WHO). They recommended a social distance of 1.5 meters to 2 meters to curb the spread since the scientist warned that COVID-19 can be carried in the droplets when someone breathes or cough. Another measure which was advised by WHO was wearing of mask, especially when people are in group. Wearing of mask would ensure that someone’s droplets do not leave their mouth or nose when they breathe or cough. It also help one from breathing in the virus which believed to be contagious and airborne.

The World Health Organization also advised on washing of the hand and avoiding frequent touching of the face. People mostly use their hand to touch surfaces which mad their hand the greatest harbor of the disease. Therefore, washing hands with soap will kill and wash away the virus from the hands. Avoiding touching of face also will prevent people from contracting the disease since the virus is believed to enter the body through openings such as eye, nose and mouth.

Another measure as a precaution from contracting the disease was to avoid hand shaking, hugging, kissing and any other thing which would bring people together. These were measures put to ensure that COVID-19 do not move from one person to another because of its airborne nature and the fact that it can be carried from the mouth or nose droplets.

Healthcare workers, in most of the countries, were provided with Personal Protective Equipment (PPEs) which helped them to protect themselves from contracting the virus. Healthcare workers were at the forefront in combating the disease since they were the people receiving the sick, including the ones with the virus. This exposed them to COVID-19 more than anyone hence more care was needed for them. Their PPEs comprised of white overall covering the whole body from head to toes. It also includes face mask and googles worn to prevent anything getting in their eyes. Their hands also were covered with gloves which were removed occasionally to avoid concentration of the virus on one glove.

COVID-19 affected many economies across the world as it greatly affected the human economic activities across the world. Due to the nature and how it spread, COVID-19 lead many countries to lockdown the country as we know it. Travelling was stopped as many countries feared the surge of the virus due to many people travelling form the countries which are already greatly affected. Another reason which travelling was hampered was due to the fact that the virus could spread among the travelers in an airplane. There were no proper measures to ensure social distance in the airplane and many people feared travelling from fear of contracting the disease.

This greatly affected the economy of many countries including great economies like USA. Tourism industry was the one affected the most as many country mostly depend on foreign travelers as their tourist. Many countries do not have proper domestic tourism structure and therefore depend on visitors who travels from foreign countries. Such countries have their economies greatly affected since the earnings from tourism either gone down or was not there at all.

Apart from locking down the country from foreigners, many major cities across the world were under lockdown. This means that even the citizens of the country were neither allowed in or out of the city. This restricted movement of people affecting greatly the human economic activities as many businesses were closed down especially transport businesses. The movement of goods from one places to another was affected making business difficult to carry out. Many people who dealt in perishable agricultural products count losses as their farm produced were destroyed because of lack of wider market. Some countries banned some businesses such as importing second hand clothes since it was believed that they could harbor the virus. Most of the meeting places such as sporting events and pubs were closed down affecting greatly the people who were involved in such businesses.

Across the world, schools were closed. Schools contain students in large numbers which could affect many students across the world. Learning was temporary stopped as different countries were finding ways of curbing the virus.

Scientist are busy like bees across the world to find the vaccine for the diseases that have ravage many countries and above all, they are trying to find the cure. Many countries have carried out their trial of vaccines with the hope to find an effective vaccine for the virus.

Meanwhile it is necessary to find ways by which the virus can be controlled so that it doesn’t spread to a point where it come out of control. Some of the measures put by the WHO has been highlighted above, but these measures need to be studied to ensure that measures which are more effective are affected at great heights. I therefore, have created a model in Insight Maker to check how these measures prove their effectiveness over time.

Collapse of the economy, not just recession, is now very likely. To give just one possible cause, in the U.S. the fracking industry is in deep trouble. It is not only that most fracking companies have never achieved a free cash flow (made a profit) since the fracking boom started in 2008, but that  an already very weak  and unprofitable oil industry cannot cope with extremely low oil prices. The result will be the imminent collapse of the industry. However, when the fracking industry collapses in the US, so will the American economy – and by extension, probably, the rest of the world economy. To grasp a second and far more serious threat it is vital to understand the phenomenon of ‘Global Dimming’. Industrial activity not only produces greenhouse gases, but emits also sulphur dioxide which converts to reflective sulphate aerosols in the atmosphere. Sulphate aerosols act like little mirrors that reflect sunlight back into space, cooling the atmosphere. But when economic activity stops, these aerosols (unlike carbon dioxide) drop out of the atmosphere, adding perhaps as much as 1° C to global average temperatures. This can happen in a very short period time, and when it does mankind will be bereft of any means to mitigate the furious onslaught of an out-of-control and merciless climate. The data and the unrelenting dynamic of the viral pandemic paint bleak picture.  As events unfold in the next few months,  we may discover that it is too late to act,  that our reign on this planet has, indeed,  come to an abrupt end?  

A sample model for class discussion modeling COVID-19 outbreaks and responses from government with the effect on the local economy.  Govt policy is dependent on reported COVID-19 cases, which in turn depend on testing rates less those who recover

A base level model to outline the impact of a mesh network on a community

MODERN MONETARY THEORY SHOWS HOW FULL EMPLOYMENT CAN BE ACHIEVED!

POTENTIAL GDP is a level of overall spending - by the government and the non-government sector - at which there is full employment. If the economy is not operating at its potential, then the  private sector has failed to invested or spend enough to generate the necessary growth nor has income  from net exports contributed enough. This only leaves the government to close the spending gap. Conceptually, a government disposing of its own freely floating currency could act using two powerful tools -  spending in excess of tax revenue, and taxation - to ensure that the gap between the actual economic activity and potential GDP is quickly closed. Achieving the  full employment that prevailed for 30 years between 1945 and 1975 in western economies is definitely possible! 

CLD exposition of Goodwin01 from Steve Keen's August 2019 course on Introduction to Economic Dynamics and Minsky software See video and powerpoint slides. Based on IM-2011 Minsky FIH and IM-168865 MacroEconomics CLDs. SeeIM-172005 for Simulation

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

3. PROBLEMAS e  PERGUNTAS SOBRE  projetos de SISTEMA INTEGRADO DE GESTÃO CUSTOS , INVESTIMENTOS BASEADO MODELOS MATEMÁTICOS: veja  https://docs.google.com/document/d/1oGmItBcErhVF0PWuI37AnpP3n8Up3Zu45W7QB1MMbcY/edit?usp=sharing

Projeto  de investimentos , custos   e viabilidade econômico de LCC

A planta foi dimensionada para produzir 9.000 Ton/ano da Resina usando o matéria prima

LCC , operando 24h/dia, durante os três turnos por 300 dias/anuais. O preço do produto de projeto de lcc 

veja  o prova html aula passados 

1. Calcule o investimento em planta (If) usando o método rápido e investimento em

equipamento (Ie) baseado no método de lang. Admita valor de N e f1 de acordo com o fluxograma do processo.

Dados fornecidos: Entrada (alimentação)-sólido; Saída-líquido;

Equipamentos principais da produção: Destilador e fermentador.

2. Calcule o investimento fixo total pelo método chilton através das estimativas dos investimentos fixos diretos: Tubulação, instrumentação, estrutura física, planta de serviço e conexões entre unidades; e investimentos fixos indiretos. Tome como base o investimento em equipamentos.

             veja dados na prova html   simulados sobre fator chiltons , modelos  de lang , decico , chiltons e dados na prova html 

3. Calcule o custo de mão-de- obra direta e indireta baseando-se no fluxograma de processo , atualizando  o valor salário mínimo e nos salários:

Valor do salário mínimo = R$180,00

Engenheiro químico = 10 salários mínimos

Operador industrial = 3 salários mínimos

Administração:

Gerente = 8 salários mínimos

Auxiliar de escritório = 3 salários mínimos

Secretária = 2 salários mínimos

Dados fornecidos: Considere os encargos sociais de 65% sobre o salário base. Mão-de- obra

indireta seja 20% da mão-de- obra direta. O custo de mão-de- obra indireta engloba

manutenção.

4. Calcule os custos fixos abaixo, baseando-se pelo método Sebrae:

Dados 

4.1 Depreciação = 10%If

4.2 Manutenção = 3%If

4.3 Seguro = 1%If

4.4 Imposto = 2%If

5. Calcule o custo de consumo anual de matéria-prima de acordo com os dados  , veja prova html a seguir 

5.2 Calcule o custo unitário de matéria prima sendo 80% do valor do custo total anual da

matéria-prima. , dados  , veja na link enunciados  e prova html 

6. Calcule os custos totais:

6.1 Encargos anuais

6.2 Administração = 0.6 (mão-de- obra direta + mão-de- obra indireta + encargos anuais)

6.3 Suprimentos = 0.15 (Manutenção)

6.4 Calcule os custos fixos

6.5 Calcule os custos variáveis

6.6 Calcule os custos variáveis

* Os custos fixos englobam administração

Custo variável = custo de matéria – prima + custo de utilitários + custo de suprimentos.

Custo de suprimentos é 10% da mão-de- obra direta.

Depreciação = 10% do investimento fixo.

7. Estimar o ponto de equilíbrio em quantidade e em porcentagem baseado em dados obtidos de custo variável unitário) e Custo fixo do problema 06.

8. Estime os itens da análise de investimento:

– Taxa de retorno de engenharia simples

– Tempo de retorno

– % de lucro em relação ao preço de venda

– Lucro após o imposto de renda

– Lucratividade

– Rentabilidade

– Fluxo de caixa

9. Estimar potencial econômico de projeto de perdas devido ao baixo rendimento de operação em nível de 90% de rendimento máximo em vez de 98%.

 

 Dados de  consumos de  materiais e energia obtidos  via uso de calculadora usando    quiz html de modelos já apresentados aula passos

Causal loop diagram illustrating a variety of feedback loops influencing the price of oil.

Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.