Goodwin cycle IM-2010 with debt and taxes added, modified from Steve Keen. THis can be extended by adding the Ponzi effect of borrowing for speculative investment.
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
Butler, K. (n.d.). How America's favorite baby-goat club is helping Big Ag take over farming in Africa. Retrieved January 16, 2016, from http://www.motherjones.com/environment/2014/11/4h-africa-farming-dupont-hybrid-seeds
Two Sources:
-Economic impacts of genetically modified crops on the agri-food sector. (n.d.). Retrieved January 16, 2016, from http://ec.europa.eu/agriculture/publi/gmo/execut.htm
-Randall, R. (2014, December 15). Are African farmers in danger of becoming slaves to patented seeds? | Genetic Literacy Project. Retrieved January 16, 2016, from https://www.geneticliteracyproject.org/2014/12/15/are-african-farmers-in-danger-of-becoming-slaves-to-patented-seeds/
This page provides a structural analysis of POTUS Candidate Jim Gilmore's
economic policy based on the information at: http://www.gilmoreforamerica.com/jims-growth-code/ 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
