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ESI6550 Group 6 (Model 2)
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Causal loop diagram provided by Gene Bellinger in Projects folder using his AI prompts for Gemini. See also World 2 simulation insight
Limits to Growth (simplified World 3) Causal loop diagram
2 months ago
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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
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The model here shows the COVID-19 outbreaks in Burnie Tasmania, which has impacted in the local economy. the relationship between COVID-19 and economic situation has been shown in the graph. Based on the susceptible and exposed rate, the period of spreading can be controlled by lockdown policy. 

Susceptible can be exposed by go out.  resident has a possibility to infect and be infected by others. The infection rate, new cases, immunity rate as well as doing exercise can effect the recovery rate. The economy situation is proportionate to the recovery rate. If there are more recovery rate from the pandemic, the economy situation will recover as well.   


BMA 708--Assignment 3
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Ecological economics
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An initial study of the economics of single use coffee pods.
Clone Nina Coffee Company Model business economy
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Este modelo es una copia de "Goodwin Business Cycle". Quité al menos una variable y aproximé la relación discreta entre el nivel de empleo y el crecimiento anual del salario con una función basada en la tangente hiperbólica.

Ciclo de conyunctura de Goodwin
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Plastic Waste
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WIP concepts from Rachel Turner's Book Neo-liberal Ideology
Neoliberal concepts
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School dropout
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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
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Overview of Part G Ch 27 to 30 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
History of Macroeconomic Thought
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In this chart, we see Economical factors from the article "How America's Favorite Baby-Goat Club is Helping Big Ag Take Over Farming in Africa"
A club called 4-H which encourages children to farm, takes off in Africa. The club uses a seed called the "Pioneer Seed", a seed from Dupont Pioneer, a supplier of genetically modified seeds.
The corn grown from these seeds are much better and sell better than the seeds that the African farmers used before.
The children return to their parents from the 4-H club and tell them about the Pioneer seed. The club gives each family some of the seed. It grows amazingly, and farmers want more and more of the seed.
Unfortunately, the seed is extremely costly and only 6 out of 50 farmers who wish to buy it, can actually afford it. This creates a problem. People want to buy the seed so that they can create profit, but none of the farmers can actually afford it.
4-H's affect on Farmers
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Cornerstore Economic Model
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Bourke is a remote town in NSW with a population of 2634 people.  In 2013 crime figures from Bourke showed the highest assault, break-ins and car theft rates in NSW with crime spikes mostly occurring during nights and school holidays.  Over the past five years, the Aboriginal Community has come together to trial a model for change, called Just Reinvest.

This  model illustrates the relationship between Community Factors (which includes social disadvantage, economic issues, family trauma) on Disengaged Youth, Crime and the impact of the Just Reinvest Program.  This model particularly illustrates the complexity of factors on outcomes and how factors are interrelated making crime a wicked problem that is not easily viewed in isolation from the socio-economic and social causes.

Stocks
Youth in Burke is set based on Australian Bureau of Statistics levels but is easily modified to track population changes on modelling
Disengaged Youth are those with problematic behaviour 
Crime Levels are those Disengaged Youth who go on to commit a crime
Early Intervention Programs are those run through Just Reinvest as part of the community program - the quantity of these can be adjusted.

Data of Note
- Economic Impact is five times cost of running the program
- Justice Impacts are roughly 66% and Non-Justice Impacts make up the remaining 33%.

Assumptions
While the UN defines "Youth" as 15 - 24 year olds, the KPMG report outlines programs for 10 - 24 year olds therefore in the context of Bourke the 10 - 24 year old age bracket is considered "Youths".  This has been rounded to 700 people (ABS 2016 Census).

- It is estmated 70% of Bourke Youths will have problematic behaviour with 50% of those going on to commit a crime and be caught
- Cost of Early Intervention Youth Program is estimated at $100 per person per crime

Conclusion

While this model shows the impacts and benefits of additional funding on early intervention programs and the flow on affects this has on crime, it does not take into account the underlying cultural and social disadvantage issues that are often motivators for crime nor does this model take into account issues such as cultural prejudice and bias, over-policing or additional early intervention methods.
Relationship between Youth Alienation, Police and Community Development in Bourke
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Introduction:

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.

Model of COVID-19 outbreak in Burnie, Tasmania
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Better Business - Economic
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COVID-19 Outbreak in Burnie Tasmania Simulation Model

Introduction:

This model simulates the COVID-19 outbreak situation in Burnie and how the government responses impact local economy. The COVID-19 pandemic spread is influenced by several factors including infection rate, recovery rate, death rate and government's intervention policies.Government's policies reduce the infection spread and also impact economic activities in Burnie, especially its tourism and local businesses.   

Assumptions: 

- This model was built based on different rates, including infection rate, recovery rate, death rate, testing rate and economic growth rate. There can be difference between 
this model and reality.

- This model considers tourism and local business are the main industries influencing local economy in Burnie.

- Government's intervention policies will positive influence on local COVID-19 spread but also negative impact on local economic activity.

- When there are more than 10 COVID-19 cases confirmed, the government policies will be triggered, which will brings effects both restricting the virus spread and reducing local economic growth.

- Greater COVID-19 cases will negatively influence local economic activities.

Interesting Insights:

Government's vaccination policy will make a important difference on restricting the infection spread. When vaccination rate increase, the number of deaths, infected people and susceptible people all decrease. This may show the importance of the role of government's vaccination policy.

When confirmed cases is more than 10, government's intervention policies are effective on reducing the infections, meanwhile local economic activities will be reduced.

BMA708-Tian Liang-586868-Model of COVID-19 Outbreak in Burnie, Tasmania
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Short-term rates
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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
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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.
Social assistance
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Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Utopia!!!!!!!
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Adapted from Hartmut Bossel's "System Zoo 3 Simulation Models, Economy, Society, Development."

​Population model where the population is summarized in four age groups (children, parents, older people, old people). Used as a base population model for dealing with issues such as employment, care for the elderly, pensions dynamics, etc.
[WIP] Z602 Population with four age groups, Czech Republic
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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