Insight diagram
MONEY_People, Experts. Knowledge IPN_Model2_Oscillations_0.1.7
Insight diagram
Better Business - Economic
Insight diagram
QE problem
Insight diagram
Plastic Pollution Solution Revolution
Insight diagram
This page provides a structural analysis of POTUS Candidate Rand Paul's economic policy based on the information at:  https://www.randpaul.com/issue/spending-and-debt and also   https://www.randpaul.com/issue/taxes  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 Rand Paul Economic Policy
Insight diagram
ESI6550 Group 6 (Model 2)
10 months ago
Insight diagram

This model simulates a COVID outbreak occurring at Burnie, Tasmania. It links the extent to the pandemic with governments intervention policies aiming to limit the spread of the virus. The other part of the model illustrates how will the COVID statistics and the government enforcement jointly influence the economic environment in the community. A number of variables are taken into account, indicating positive or negative relationship in the infection and the economy model respectively.

 

Assumptions

·         Government takes responsive actions when the number of acquired cases exceeds 10.

·         Government’s prompt actions, involving closure of the state border, lockdown within the city, plans on mandatory vaccination and testing, effectively control the infection status.

·         Economic activities are reduced due to stagnation in statewide tourism, closure of brick-and-mortar businesses, and increased unemployment rate, as results of government restrictions.

 

Insights

Government’s rapid intervention can effectively reduce the infected cases. The national vaccination rollout campaign raises vaccination rate in Australians, and particularly influence the death rate in the infection model. Please drag the slider of vaccination to a higher rate and run the model to compare the outcomes.

Although local economy is negatively affected by government restriction policies, consumer demand in online shopping and government support payments neutralize the negative impact on economy and maintain the level of economic activities when infections get controlled. 

Simulation model of COVID outbreak in Burnie Tasmania_Yuchen Zhang_574644
Insight diagram
This model is comparing healthy and sick residents in Burnie, Tasmania after the Covid-19 Outbreak in 2020. It will also show how the Burnie economy is effected by the disease, how the Government Health Policies are implemented and how they are enforced.

This model is based on the SIR, Susceptible, Infection, Recovery (or Removed) These are the three possible states related to the members of the Burnie population when a contagious decease spreads.

The Government/Government Health Policy, played a big part in the successful decrease in Covid-19 infections. The Government enforced the following.
- No travel (interstate or international)
- Isolation within the residents homes
- Social distancing by 1.5m
- Quarantine
- Non essential companies to be temporarily closed
- Limitations on public gatherings
- And limits on time and kilometers aloud to travel from ones home within a local community

This resulted in lower reported infection rates of Covid-19 and higher recovery rates.

In my opinion:
When the first case was reported the Government could have been even faster to enforce these rules to decrease the fatality rates further for the Burnie, population.  

Assumption: Government policies were only triggered when 10 cases were recorded.
Also, more cases that had been recorded effected the economic growth during this time.

Interesting Findings: In the simulation it shows as the death rates increases towards the end of the week, the rate of testing goes down. You would think that the government would have enforced a higher testing rate over the duration of this time to decrease the number of infections, exposed which would increase the recovery rates faster and more efficiently.  

Figures have been determined by the population of Burnie being 19,380 at the time of assignment.

Complex Systems How Burnie Tasmania dealt with Covid-19 Outbreak BMA708
Insight diagram
WIP Dynamic map from Steve Keen's Minsky at 100 Lecture video and slides and later Emergent Macroeconomics papers
Minsky Instability from Macrodefinitions Keen
Insight diagram
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Final Project Simulation
Insight diagram
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Q2-a Final Project Simulation
Insight diagram
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Q2-b Final Project Simulation with 5% investment
Insight diagram
Farming_small vs large
10 months ago
Insight diagram
Economic forecast model
Insight diagram
WIP based on Emery Roe's 2013 book. See also Dynamics in Action IM-3239 for more on behavior and The Art of the State IM-11962 for more on Grid-Group Cultural Theory
Managing Mess
Insight diagram
Circular equations WIP for Runy.

Added several versions of the model. Added a flow to make C increase. Added a factor to be able to change the value 0.5. 
Circularity in Economic models 1
Insight diagram
Green lines: positive relationships
Red lines: negative relationships

Spill
10 months ago
Insight diagram
This is a simplification of the Austerity vs Prosperity model in the hope that it will be easier to understand.
@LinkedInTwitterYouTube
Austerity vs Prosperity v0
Insight diagram
Business Economic Sustainability
Insight diagram
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
Insight diagram
Socioeconomic Factors Section
Insight diagram
Overview of Part E Ch 20 to 24 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Economic policy in an open economy
Insight diagram
lab 13 Social and economic