Extended from
Im-628 Supply and demand by adding control folder.
See also Managing Health Services Use IM-17566
Based on JHPPL 2015 article Note here the framing is an economic exchange rather than a public service (needs-services-resources) or capabilities
Neoliberalism and health policy
This model shows the operation of a simple economy. It demonstrates the effect of changes in the fractional rate of consumption (or the converse the fractional rate of saving.)
In summary, lower rates of consumption (based on production) result in higher rates of production and consumption in the long-run.
Simple Economy: Model 8 Alternative
A clone of the Goodwin cycle IM-2010 with debt and taxes added, modified from Steve Keen's illustration of Hyman Minsky's Financial Instability Hypothesis "stability begets instability". This can be extended by adding the Ponzi effect of borrowing for speculative investment: http://www.jstor.org/stable/10.2307/4538470.
This model requires development and testing. Please contact the author if you are able to help.
Minsky Financial Instability Model
This model shows the structure and operation of a simple economy. It can represent economic systems at different levels of abstraction (e.g. a single good, a group of goods, multiple groups, & an "economy.")
This model has one significant difference from Model 4. The fractional consumption rate table serves the purpose of demonstrating the effects of changes in the fractional consumption rate (or the converse the fractional rate of saving) from 100% to less-than 100% to more-than 100%.
It demonstrates dramatically the effects of significant changes in consumption rates.
Simple Economy: Model 5
This is an interface to explore UK-SSP4.
UK-SSP4 Inequality
Barangay IRAWAN Systems Model
Biophysical, Socio-cultural & Economic Data of Bgy. IRAWAN
WIP based mostly on Jan
Toporowski
2013 vol 1 and
2018 vol 2 books on Michal Kalecki: An Intellectual Biography
Layout Consistent with David Wheat MacroEconomic model CLD Insight by Gene Bellinger
Kalecki economic thought
The term 'work' has been used in this model in the sense of economic activity to include not only
work done by people but also by machines. The model shows 8 positive
feedback loops that reinforce work and the need to work. From the perspective of physics, civilisation can be described as a MECHANISM FOR USING ENERGY AND DOING WORK.
Work, however, has some unavoidable consequences. The second law of thermodynamics
tells us that any ‘work’ requires the use of energy and that DOING WORK entails
the generation of WASTE HEAT. The laws of physics also tell us that CO2 emissions from burning fossil fuels will cause global warming. These unintended
and unavoidable consequences are highlighted in the model by prominent arrows.
Can
the structure of this system be changed to avoid a foreseeable collapse of civilisation?
Do economic activity and work unavoidably lead to doom?
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.
Environmental economics Niger Delta oil polluted case study
ECONOMIC GROWTH feeds on itself, provided the
growth engine is fed with materials and
finance. In this highly simplified representation some of the factors that influence economic growth
are show in the incircled green fields. Governments can influence economic growth positively
via investments and payouts. The most
obvious tool which governments can use to slow an overheated economy is
taxation.
Economic Growth Engine
Supply-Demand Shortside Adjustment
This is an interface to explore UK-SSP1.
UK-SSP1 Sustainability
Simple tragedy of the commons behavior model.
Common Resources
The model is built to demonstrates how Burnie Tasmania can deal with a new COVID-19 outbreaks, taking government policies and economic effects into account.
The susceptible people are the local Burnie residents. If residents were infected, they would either recovered or dead. However, even they do recover, there is a chance that they will get infected again if immunity loss occurs.
From the simulation result we can see that with the implementation of local government policies including travel ban and social distancing, the number of infected people will decrease. The number of recovered people will increase in the first 5 weeks but then experience a decrease.
In addition, with the implementation of local government policy, the economic environment in Burnie will be relatively stable when the number of COVID-19 cases is stable.
How Burnie, Tasmania can deal with a new outbreak of COVID-19
An initial study of the economics of single use coffee pods.
Coffee Pods ISD Humanities
This
paper aims at describing a case where system dynamics modeling was used to evaluate
the effects of information and material supply lead-time variation on sales
contributions margins and operating cash conversion cycle of a commodity export
business. An empirical dynamic model,
loaded with econometric theory of price effect on competitive demand, was used
to describe the input data. The model simulation
outputs proved themselves relevant in analyzing the complex interconnections of
multiple variables affecting the
profitability in a commercial routine, supporting the decision process among
sales managers.
Article SDR Case study System dynamic modelling
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 1.9
Home buying simulation 1.9
WIP Exttension of IM-172005 Simulation of Goodwin01 Minsky Model. Compare with Part3 slide 5 of presentation in patreon
Goodwin02 Minsky Simulation Keen Economic Dynamics Aug2019
How-to: adjust inputs (appended with ~) on the right, click 'Simulate' to run the model
This is a simulation of electric swap-and-go battery network for trucks between brisbane and Sydney.
Purpose: Find the minimum number of batteries required for the swap-and-go network. Test for a varying number of charging/swap stations.
v3 Test the economics of janus electric truck for a fleet operator
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
Summary of Ch 27 of Mitchell Wray and Watts Textbook see IM-164967 for book overview See IM-169093 for added dynamic evolutionary economics history
History of Economic Thought
Cornerstore Economic Model
Initial Stock & Flow of Energy Infrastructure Development, Climate Change Impacts, and Economic Activity
