This model demonstrates the COVID-19 outbreak in Bernie, Tasmania, and shows the relationship between coVID-19 outbreaks, government policy and the local economy. The spread of pandemics is influenced by many factors, such as infection rates, mortality rates, recovery rates and government policies. Although government policy has brought the Covid-19 outbreak under control, it has had a negative impact on the financial system, and the increase in COVID-19 cases has had a negative impact on economic growth.
Assumptions:
The model is based on different infection rates, including infection rate, mortality rate, detection rate and recovery rate. There is a difference between a real case and a model. Since the model setup will only be initiated when 10 cases are reported, the impact on infection rates and economic growth will be reduced.
Interesting insights:
Even as infection rates fall, mortality rates continue to rise. However, the rise in testing rates and government health policies contribute to the stability of mortality. The model thinks that COVID-19 has a negative impact on offline industry and has a positive impact on online industry.
A Tragedy of the Commons situation exists whenever two or more activities, each, which in order to produce results, rely on a shared limited resource. Results for these activities continue to develop as long as their use of the limited resource doesn't exceed the resource limit. Once this limit is reached the results produced by each activity are limited to the level at which the resource is replenished. As an example, consider multiple departments with an organization using IT resources, until they've exhausted IT capacity.
Clone of Environmental economics Niger Delta oil polluted case study
A simple stock-flow diagram depicting the development of the number of people with social assistance from 2008 - 2019 in the Netherlands based on data from the Central Bureau of Statistics.
Despite a mature field of inquiry, frustrated educational policy makers face a crisis characterized by little to no clear research-based guidance and significant budget limitations -- in the face of too often marginal or unexpectedly deleterious achievement impacts. As such, education performance has been acknowledged as a complex system and a general call in the literature for causal models has been sounded. This modeling effort represents a strident first step in the development of an evidence-based causal hypothesis: an hypothesis that captures the widely acknowledged complex interactions and multitude of cited influencing factors. This non-piecemeal, causal, reflection of extant knowledge engages a neuro-cognitive definition of students. Through capture of complex dynamics, it enables comparison of different mixes of interventions to estimate net academic achievement impact for the lifetime of a single cohort of students. Results nominally capture counter-intuitive unintended consequences: consequences that too often render policy interventions effete. Results are indexed on Hattie Effect Sizes, but rely on research identified causal mechanisms for effect propagation. Note that the net causal interactions have been effectively captured in a very scoped and/or simplified format. Relative magnitudes of impact have been roughly adjusted to Hattie Ranking Standards (calibration): a non-causal evidence source. This is a demonstration model and seeks to exemplify content that would be engaged in a full or sufficient model development effort. Budget & time constraints required significant simplifying assumptions. These assumptions mitigate both the completeness & accuracy of the outputs. Features serve to symbolize & illustrate the value and benefits of causal modeling as a performance tool.
Version 9A: Hattie Calibrated Education Scenario Tool Capability Demonstration
Format: Given pre-conditions when independent variables(s) then dependent variable
Given Earnings Decline (0.25), Spending Variance (55), Initial Investment (500) and Rate of Return (RandNormal(0.06, 0.12)) when one of these independent variables change then how sensitive is Investment (22) over a 30 year time period (-1,000)
H1: if you Earn more then Investment will last much longer => rejected
H2: if you Spend less then Investment will last much longer => accepted
H3: if your Initial Investment is higher then Investment will last much longer => accepted
H4: if you reduce your Spend when Investments are declining then Investment will last much longer => accepted
Given Earnings Decline (0.25), Spending Variance (55), Initial Investment (500) and Rate of Return (RandNormal(0.06, 0.12)) when one of these independent variables are optimised then Investment will last exactly 30 years by minimising the absolute investment gap
H1: if you set an appropriate Spending Base then remaining Investment is 0 => rejected
H2: if you set an appropriate Spending Reduction then remaining Investment is 0 => rejected
Source for investment returns:https://seekingalpha.com/article/3896226-90-year-history-of-capital-market-returns-and-risks
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
This model bases on the SIR model aims to indicate the relationship between the lockdown policy of the government for combating with COVID-19 and the economic activity in Burnie Tasmania during the pandemic.
This model assumes that more COVID-19 cases will lead to the more serious lockdown policy of the local government, which indirectly affect the economic activities and economic growth. The primary reason is that the lockdown policy force people to stay at home and reduce the chance to work and consume.
The simulation trend of the model is that the economy will keep a steady increase when the serious government policy reduces the COVID-19 spreading speed rate.
Clone of COVID-19 outbreak in Burnie model by LUJIN 517217
This model was designed from SIR model(susceptible, infected, revovered) to find out the effect of covid-19 outbreak into economic outcomes via government policy.
Assumptions
The government policy is triggered when number of infected is more than ten.
The government policies will take negative effect into Covid-19 outbreaks and financial system
Adjusted parameter: Immunity loss rate can be change from vaccination rate.
Government policy's parameters
Adjusted parameters: Testing rate(from 0.15 to 0.95), vaccination rate(from 0.3 to 1), travel ban(from 0 to 0.9), social distancing(from 0.1 to 0.8), Quarantine(from 0.1 to 0.9)
Economic's parameters
Fixed parameter: Tourism
Adjusted parameter: Economic growth rate(from 0.3 to 0.5)
Interesting insight
Increase vaccination rate and testing rate will decrease the number amount of infected case and a little bit more negative effect to economic system. However economic system still need a long time to recover in both cases.
BMA708_Assignment 3_ndkvo_520272_COVID-19 outbreak and Burnie economy
