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This model simulates the economics of buying a home. It was created to compare buying a home against using investment returns to pay for rent. According to Micheal Finke, house prices typically run 20x monthly rental rates. 

Try cloning this insight, setting the parameter values for real-world scenarios, and then running sensitivity analysis (see tools) to determine the likely wealth outcomes. Compare buying a home to renting. Note that each run will keep the parameters the same while simulating market volatility.

version 2.0
Home buying simulation 2.0
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Pathways Causal Loop - Health
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Description:

Model of Covid-19 outbreak in Burnie, Tasmania

This model was designed from the SIR model(susceptible, infected, recovered) to determine the effect of the covid-19 outbreak on economic outcomes via government policy.

Assumptions:

The government policy is triggered when the number of infected is more than ten.

The government policies will take a negative effect on Covid-19 outbreaks and the financial system.

Parameters:

We set some fixed and adjusted variables.

Covid-19 outbreak's parameter

Fixed parameter: Background disease.

Adjusted parameters: Infection rate, recovery rate. Immunity loss rate can be changed 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

An increased vaccination rate and testing rate will decrease the number of infected cases and have a little more negative effect on the economic system. However, the financial system still needs a long time to recover in both cases.

BMA708_Assignment 3_Nguyen Dang Khoa Vo_520272_COVID-19 outbreak and Burnie economy
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Economic Capital
2 months ago
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State Goverment Fiscal Policy model
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VA - socio-economic 9Nov22
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DeWitz_Energy Economics and Fossil Fuel
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Modern industrial civilisation has created massive interdependencies which define it and without which it could not function. We all depend on industrial farming to produce the food we eat, we depend on gasoline being available at the gas station,  on the availability of electricity and even on the bread supplied by the local baker. Naturally, we tend to support the institutions that supply the amenities and goods to which we have become accustomed: if we get our food from the local supermarket, it is likely that we would be opposed to it’s closure. This means that the economic system that relies on continuous growth enjoys implicit societal support and that nothing short of environmental disaster or a shortage of essential raw materials will impede it’s growing indefinitely. It is not hard to work out the consequences of this situation!

Clone of The Inescapable Dynamic of Economic Growth
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Socio-Economic Factors
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Energy-Economic Modeling Info/Funding Flows
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Economic Cost-Benefit Analysis- Roadkill Mitigation
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Jay Forrester's "Market Growth as Influenced by Capital Investment" model as rebuilt by Eric Stiens
Market Growth as Influenced by Capital Investment
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Investment with depreciation (simple)
3 4 months ago
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LS Greenway
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Economic capital, with its reinforcing growth loop constrained by a nonrenewable resource. pg 58-66
Fig 37
8 2 months ago
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Societal Division CLD
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Simulating Hyperinflation for 3650 days.

If private bond holdings are going down and the government is running a big deficit then the central bank has to monetize bonds equal to the deficit plus the decrease in private bond holdings.  We don't show the details of the central bank buying bonds here, just the net results.

See blog at http://howfiatdies.blogspot.com for more on hyperinflation, including a hyperinflation FAQ.
Hyperinflation Simulation
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A candidate for global adoption in a shared commons model.

A party includes the following types:
  • A living individual
  • A living organization
  • A living enterprise   
A living individual would be part of a cooperative in this context the living organization and enterprise relationships are "true".  
A stock and flow model which can be copied and local variables applied to aid in economic or community development.   

Students are encouraged to start a business or support local economic development in experience based projects.  

Students are rewarded in an alternative commerce model through an international cooperative model.  

Goal "re-use party records" as an audit requirement from a shared store (global commons candidate) which provides the due diligence required for General Accounting Accepted Practices.  

Party Management Systems are closed in the sense of living individuals, organizations and enterprises.  The party defines the vector specifics and variables must derive their transactions from the party master record "as is" sourced from the system of record (store) in a service.   

Issue: The prescribed use of a party management system intends to reduce the cyber-security threats of a breach systematically.  

Measurable outcomes: Reduction of party data collected and stored in living organizations or living enterprises.   

 from a shared data store, in doing so the segregation of duties component related to management of master records and tables are 
International Party Management Capability
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Causal loop structure of system dynamics models of the business cycle and the Kondratieff long wave from Gene Bellinger's AI gemini prompts mc and mr Jan2026 From MIT Sloan school work esp Forrester and Sterman
Short and Long Business and Economic Cycles
10 months ago
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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. Older version cloned at IM-46280
Clone of Circularity in Economic models
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This page provides a structural analysis of POTUS Candidate Jim Webb. 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 Jim Webb POTUS candidate economic policy