Description         The model shows Covid-19 situations in Burnie, Tasmania. Under such circumstances, how the state government deals with the pandemic and how economy changes will be illustrated. The relationship between government policy and economic activities under Covid-19 outbreaks will be

Description

 

The model shows Covid-19 situations in Burnie, Tasmania. Under such circumstances, how the state government deals with the pandemic and how economy changes will be illustrated. The relationship between government policy and economic activities under Covid-19 outbreaks will be explained through different variables.


Assumptions

 

Government policy negatively affects Covid-19 outbreaks and economic activities.

Covid-19 outbreaks also has negative effects on economic growth.

 

Parameters

 

There are several fixed and adjusted variables.

 

1.     COVID-19 Outbreaks

Fixed variables: infection rate, recovery rate

Adjusted variables: immunity loss rate

 

2.     Government Policy

Adjusted variables: lockdown, social distancing, testing, vaccination

3.     Economic impact

Fixed variables: tourism

Adjusted variables: economic growth rate

 

Interesting Insights

 

Tourism seems to be the most effective way to bring back economic growth in Tasmania, and it takes time to recover from Covid-19.

 

Government policies tend to have negative influences on economic growth.

  Introduction:   This simulation model demonstrates the outbreak of Covid-19 in Burnie, Tasmania and how the corresponding government’s responses affect the spreading of Covid-19. Meanwhile, this model also shows how the economy in Burnie is influenced by the impacts of both Covid-19 and government
Introduction:
This simulation model demonstrates the outbreak of Covid-19 in Burnie, Tasmania and how the corresponding government’s responses affect the spreading of Covid-19. Meanwhile, this model also shows how the economy in Burnie is influenced by the impacts of both Covid-19 and government policies.

Variables: 
This simulation contains some relevant variables as follow:

Variables in Covid-19 outbreaks: (1) Infection rate, (2) Recovery rate, (3) Death rate, (4) Immunity loss rate

Variables in Government policies: (1) Vaccination rate, (2) Lockdown, (3) Travel ban, (4)Quarantine

Variables in Economy: (1) E-commerce business, (2) Unemployment rate, (3) Economic growth rate.

Assumption:
Government responses would be triggered when reported Covid-19 cases are at least 10.

The government policies reduce the spreading of Covid-19, but they would also limit economic development at the same time due to the negative impact of the policies on the economy is greater than the positive impact.

The increase in reported Covid-19 cases would negatively affect economic growth.

Interesting Insights:
The first finding is that the death number would keep increasing even though the infection rate has decreased, but with stronger government policies (such as implementing a coefficient over 25%), no more death numbers will occur caused by Covid-19.

The second finding is that as government policies limit business activities, with the increasing number of reported Covid-19 cases, economic growth will suffer a severe blow even if e-commerce grows, it can’t make up for this economic loss.
 Introduction; 
 This model shows COVID-19 outbreak in Burnie have some impact for local economy situation and government policy. The main government policy is lockdown during the spreading period which can help reduce the infected rate, and also increase the test scale to help susceptible confirm t

Introduction;

This model shows COVID-19 outbreak in Burnie have some impact for local economy situation and government policy. The main government policy is lockdown during the spreading period which can help reduce the infected rate, and also increase the test scale to help susceptible confirm their situation.


Variables;

Infection rate, Death rate, Recovery rate, test rate, susceptible, immunity rate, economy growth rate

These variables are influenced by different situation.


When cases over 10, government will implement lockdown policy.


Conclusion;

When cases increase too much , they will influence the economic situation.


Interesting insights:

If the recover rate is higher, more people will recover from the disease. It seems to be a positive sign. However, it would lead to a higher number of recovered people and more susceptible. As a result, there would be more cases, and would have a negative impact on the economic growth.