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Fig 4. The Casual Loop Diagram of the Socio-Political and Economic Subsystems
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EcoCinco_Deforestation_Land Changes
9 months ago
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Economic Effect
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Model based on chapter 10 (opportunity cost) of the book Modeling Dynamic Economic Systems
Opportunity cost
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Cornerstore Economic Model
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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 (Version 2)
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Economic Model
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Summary of UNEP ecosystems services CBA 2011 article by Wegner and Pascual
Value and cost benefit analysis
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Business Economic Sustainability
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State Goverment Fiscal Policy model
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An initial study of the economics of single use coffee pods.
K Collins Coffee Pods ISD Humanities v 1.02
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THE 2020 MODEL (BY GUY LAKEMAN) EMPHASIZES THE PEAK IN POLLUTION BEING CREATED BY OVERPOPULATION.
WITH THE CARRYING CAPACITY OF ARABLE LAND NOW BEING 1.5 TIMES OVER A SUSTAINABLE FUTURE (PASSED IN 1990) AND NOW INCREASING IN LOSS OF HUMAN SUSTAINABILITY DUE TO SEA RISE AND EXTREME GLOBAL WATER RELOCATION IN WEATHER CHANGES IN FLOODS AND DROUGHTS AND EXTENDED TROPICAL AND HORSE LATTITUDE CYCLONE ACTIVITY AROUND HADLEY CELLS

The World3 model is a detailed simulation of human population growth from 1900 into the future. It includes many environmental and demographic factors.

THIS MODEL BY GUY LAKEMAN, FROM METRICS OBTAINED USING A MORE COMPREHENSIVE VENSIM SOFTWARE MODEL, SHOWS CURRENT CONDITIONS CREATED BY THE LATEST WEATHER EXTREMES AND LOSS OF ARABLE LAND BY THE  ALBEDO EFECT MELTING THE POLAR CAPS TOGETHER WITH NORTHERN JETSTREAM SHIFT NORTHWARDS, AND A NECESSITY TO ACT BEFORE THERE IS HUGE SUFFERING.
BY SETTING THE NEW ECOLOGICAL POLICIES TO 2015 WE CAN SEE THAT SOME POPULATIONS CAN BE SAVED BUT CITIES WILL SUFFER MOST. 
CURRENT MARKET SATURATION PLATEAU OF SOLID PRODUCTS AND BEHAVIORAL SINK FACTORS ARE ALSO ADDED

Use the sliders to experiment with the initial amount of non-renewable resources to see how these affect the simulation. Does increasing the amount of non-renewable resources (which could occur through the development of better exploration technologies) improve our future? Also, experiment with the start date of a low birth-rate, environmentally focused policy.

WORLD2020 to PLANET2020
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Fig 17.15 p700 Causal structure of commercial real estate markets of Case Study from John Sterman's 2000 Business Dynamics Book 
Boom and bust in Commercial Real Estate
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Overview:

Overall, this analysis showed a COVID-19 outbreak in Burnie, the government policies to curtail that, and some of the impacts it is having on the Burnie economy.


Variables

The simulation made use of the variables such as; Covid-19: (1): Infection rate. (2): Recovery rate. (3): Death rate. (4): Immunity loss rate etc. 


Assumptions:

From the model, it is apparent that government health policies directly affect the economic output of Burnie. A better health policy has proven to have a better economic condition for Burnie and verse versa.


In the COVID-19 model, some variables are set at fixed rates, including the immunity loss rate, recovery rate, death rate, infection rate, and case impact rate, as this is normally influenced by the individual health conditions and social activities.

Moving forward, we decided to set the recovery rate to 0.7, which is a rate above the immunity loss rate of 0.5, so, the number of susceptible could be diminished over time.


Step 1: Try to set all value variables at their lowest point and then stimulate. 

 

Outcome: the number of those Infected are– 135; Recovered – 218; Cases – 597; Death – 18,175; GDP – 10,879.


Step 2: Try to increase the variables of Health Policy, Quarantine, and Travel Restriction to 0.03, others keep the same as step 1, and simulate


Outcome: The number of those Infected – 166 (up); Recovered – 249 (up); Cases – 554 (down); Death – 18,077 (down); GDP – 824 (down).


With this analysis, it is obvious that the increase of health policy, quarantine, and travel restriction will assist in increase recovery rate, a decrease in confirmed cases, a reduction in death cases or fatality rate, but a decrease in Burnie GDP.


Step 3: Enlarge the Testing Rate to 0.4, variable, others, maintain the same as step 2, and simulate


Outcome: It can be seen that the number of Infected is down to – 152; those recovered down to – 243; overall cases up to – 1022; those that died down to–17,625; while the GDP remains – 824.


In this step, it is apparent that the increase of testing rate will assist to increase the confirmed cases.


Step 4: Try to change the GDP Growth Rate to 0.14, then Tourism Growth Rate to 0.02, others keep the same as step 3, and then simulate the model


Outcome: what happens is that the Infected number – 152 remains the same; Recovered rate– 243 the same; Number of Cases – 1022 (same); Death – 17,625 (same); but the GDP goes up to– 6,632. 


This final step made it obvious that the increase of GDP growth rate and tourism growth rate will help to improve the overall GDP performance of Burnie's economy.

The Recent COVID-19 Outbreak in Burnie Tasmania - Buchi Okafor 546792
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Description for Each Simulation Tag:

CRISIS:
- 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)
Crisis Model - Vancouver Housing Crisis
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Vicious economic circle of Aboriginal people
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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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Sustainability Toamasina
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System Dynamics - Ludhiana
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lab 13 Social and economic
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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
DRAFT IPA of Jim Gilmore Economic Policy
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From a March 2016 blog entry by Ari Andricopoulos
The economy simply explained
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Socio-Economic Model (final)