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 demonstrates the COVID-19 outbreak in Burnie, Tasmania. It shows how the government policy tries to reduce the spread of COVID-19 whilst also impacting the local economy.
Assumptions:
This model has four variables that influence the number of COVID-19 cases: infection rate, immunity loss rate, recovery rate and death rate.
In order to reduce the pandemic spread, in this model, assume the government released six policies when Burnie COVID-19 cases are equal or over 10 cases. Policies are vaccination promotion, travel restriction to Burnie, quarantine, social distance, lockdown and testing rate.
Government policies would reduce the pandemic. However, it decreases economic growth at the same time. In this model, only list three variable that influence local economic activities.
Travel restrictions and quarantine will reduce Burnie tourism and decrease the local economy. On the other hand, quarantine, social distance, lockdown allow people to stay at home, increasing E-commerce business.
As a result, policies that cause fewer COVID-19 cases also cause more considerable negative damage to the economy.
Interesting insights:
One of the interesting findings is that the government policy would reduce the COVID-19 spread significantly if I adjust the total government policies are over 20% (vaccine promotion, travel restriction, quarantine, social distance, lockdown), 3560 people will die, then no more people get COVID-19.
However, if I change the total government policy to less than 5%, the whole Burnie people will die according to the model. Therefore, we need to follow the polices, which saves our lives.
BMA708 assignment3 - Model of COVID-19 outbreak in Burnie
WIP Social determinants of health from Michael Marmot's ABC 2016 Boyer Lectures on Social Justice and the Health Gap See US Data website for data and AIHW website for concepts. See also IM-83417 Marmot Essay 2017
- Price increasing dramatically, surpasses average detached home price of 3 million in 3 years if left unaddressed
- Housing Demand by potential buyer population will increase due to unmet financial means (Interest rate and price too high). To secure housing, the outflow is linked to price that is affected by supply and demand.
- Total occupied homes will decrease as empty homes purchased by foreign investors for "house flipping" increase and doubles within 5 years.
DEMAND:
- Demand for housing in Vancouver will increase, but the amount of people motivated to buy with financial means "buyer population", will decrease in correlation.
SUPPLY:
- Prices do not follow traditional supply and demand concepts. Supply of houses on the market is increasing but, as shown, unable to sell because of unaffordability.
SYSTEMS MODEL LOGISTICS:
- Split into demand and supply with interlinked links
- Supply is a feedback system with sold houses branching off into empty housing or occupied housing
- All flows and stocks are linked with the intention that as market price changes, so will various system dynamics
- Used various functions to simulate a more diverse and accurate system
Sustainability: Economic (prices, housing market), Social (motivation to buy and sell)
This
paper aims at describing a case where system dynamics modeling was used to evaluate
the effects of information and material supply lead-time variation on sales
contributions margins and operating cash conversion cycle of a commodity export
business. An empirical dynamic model,
loaded with econometric theory of price effect on competitive demand, was used
to describe the input data. The model simulation
outputs proved themselves relevant in analyzing the complex interconnections of
multiple variables affecting the
profitability in a commercial routine, supporting the decision process among
sales managers.
