WIP Overview model structures of Khalid Saeed's 2014  WPI paper  Jay
Forrester’s Disruptive Models of Economic Behavior  See also General SD and Macroeconomics CLDs  IM-168865
WIP Overview model structures of Khalid Saeed's 2014 WPI paper Jay Forrester’s Disruptive Models of Economic Behavior  See also General SD and Macroeconomics CLDs IM-168865
6 months ago
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
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
Bourke is a remote town in NSW with a population of 2634 people.  In 2013 crime figures from Bourke showed the highest assault, break-ins and car theft rates in NSW with crime spikes mostly occurring during nights and school holidays.  Over the past five years, the Aboriginal Community has come toge
Bourke is a remote town in NSW with a population of 2634 people.  In 2013 crime figures from Bourke showed the highest assault, break-ins and car theft rates in NSW with crime spikes mostly occurring during nights and school holidays.  Over the past five years, the Aboriginal Community has come together to trial a model for change, called Just Reinvest.

This  model illustrates the relationship between Community Factors (which includes social disadvantage, economic issues, family trauma) on Disengaged Youth, Crime and the impact of the Just Reinvest Program.  This model particularly illustrates the complexity of factors on outcomes and how factors are interrelated making crime a wicked problem that is not easily viewed in isolation from the socio-economic and social causes.

Stocks
Youth in Burke is set based on Australian Bureau of Statistics levels but is easily modified to track population changes on modelling
Disengaged Youth are those with problematic behaviour 
Crime Levels are those Disengaged Youth who go on to commit a crime
Early Intervention Programs are those run through Just Reinvest as part of the community program - the quantity of these can be adjusted.

Data of Note
- Economic Impact is five times cost of running the program
- Justice Impacts are roughly 66% and Non-Justice Impacts make up the remaining 33%.

Assumptions
While the UN defines "Youth" as 15 - 24 year olds, the KPMG report outlines programs for 10 - 24 year olds therefore in the context of Bourke the 10 - 24 year old age bracket is considered "Youths".  This has been rounded to 700 people (ABS 2016 Census).

- It is estmated 70% of Bourke Youths will have problematic behaviour with 50% of those going on to commit a crime and be caught
- Cost of Early Intervention Youth Program is estimated at $100 per person per crime

Conclusion

While this model shows the impacts and benefits of additional funding on early intervention programs and the flow on affects this has on crime, it does not take into account the underlying cultural and social disadvantage issues that are often motivators for crime nor does this model take into account issues such as cultural prejudice and bias, over-policing or additional early intervention methods.
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
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.
 The recent moratorium on deep-sea drilling will reduce the supply of oil. But the world-wide trend is an ever increasing demand for it. This simple CLD  tries to illustrate the dampening effect on demand and on economic activity of diminishing oil supplies and of rising prices: oil prices  affect v

The recent moratorium on deep-sea drilling will reduce the supply of oil. But the world-wide trend is an ever increasing demand for it. This simple CLD  tries to illustrate the dampening effect on demand and on economic activity of diminishing oil supplies and of rising prices: oil prices  affect virtually all products and especially agricultural production. As it becomes more and more difficult to extract oil, prices must rise. At the moment the global recession counteracts this effect, but the recession will not last forever. Is it too early to speak of Peak Oil?

COVID-19 Outbreak in Burnie Tasmania Simulation Model    Introduction:     This model simulates the COVID-19 outbreak situation in Burnie and how the government responses impact local economy. The COVID-19 pandemic spread is influenced by several factors including infection rate, recovery rate, deat
COVID-19 Outbreak in Burnie Tasmania Simulation Model

Introduction:

This model simulates the COVID-19 outbreak situation in Burnie and how the government responses impact local economy. The COVID-19 pandemic spread is influenced by several factors including infection rate, recovery rate, death rate and government's intervention policies.Government's policies reduce the infection spread and also impact economic activities in Burnie, especially its tourism and local businesses.   

Assumptions: 

- This model was built based on different rates, including infection rate, recovery rate, death rate, testing rate and economic growth rate. There can be difference between 
this model and reality.

- This model considers tourism and local business are the main industries influencing local economy in Burnie.

- Government's intervention policies will positive influence on local COVID-19 spread but also negative impact on local economic activity.

- When there are more than 10 COVID-19 cases confirmed, the government policies will be triggered, which will brings effects both restricting the virus spread and reducing local economic growth.

- Greater COVID-19 cases will negatively influence local economic activities.

Interesting Insights:

Government's vaccination policy will make a important difference on restricting the infection spread. When vaccination rate increase, the number of deaths, infected people and susceptible people all decrease. This may show the importance of the role of government's vaccination policy.

When confirmed cases is more than 10, government's intervention policies are effective on reducing the infections, meanwhile local economic activities will be reduced.

A simple budget planning system.  What additional complexities can you add?
A simple budget planning system.  What additional complexities can you add?
   Overview   The model shows the industry connection and conflict between Forestry and Mountain Tourism in Derby, Tasmania. The objective of this simulation is to find out the balance point for co-exist.      How Does the Model Work?   Both industries can provide economic contribution to Tasmania.

Overview

The model shows the industry connection and conflict between Forestry and Mountain Tourism in Derby, Tasmania. The objective of this simulation is to find out the balance point for co-exist.

 

How Does the Model Work?

Both industries can provide economic contribution to Tasmania. Firstly, selling timbers through logging would generate income. Also, spendings from mountain bike riders would generate incomes. However, low tree regrowth rate can not cover up logging, which influences the beautiful vistas and riders' experiences. While satisfaction and expectation depend on vistas and experience, the demand of mountain biking would be influenced through repeat visits and world of mouth as well.

 

Interesting Insights

Although forestry can provide a great amount of economic contribution to Tasmania, over logging goes against ESG framework as well as creating conflict with mountain tourism. As long as the number of rider visits is stable, tourism can always provide a greater economic contribution compared to forestry. Therefore, the government should consider the balance point between two industries.

 Cutbacks can have a counterintuitive effect. The government knows precisely how much it custs in spending. However, it cannot know the extent to which tax revenues shrink in a non-linear complex economic system as the economy contracts. In addition, the treasury has to spend more as automatic stabi

Cutbacks can have a counterintuitive effect. The government knows precisely how much it custs in spending. However, it cannot know the extent to which tax revenues shrink in a non-linear complex economic system as the economy contracts. In addition, the treasury has to spend more as automatic stabilizers activate and payments are made to an increasing number of unemployed workers. The effect of this is that initially the deficit shrinks, but later it rises as tax revenues fall short of expectations and more spending takes place. The ironic part is that often the very indicator that promted austerity measurs, the defcit to GDP ratio, becomes worse than it was at the outset. We could observe this in Spain and Portugal where planned deficits have been repeatedly missed, as austerity measures  (fiscal cutbacks) were introduced to deal with the effects of  the 2008 financial crisis.

 Introduction:  This model aims to show that how the Tasmania government's COVID-19 policy can address the spread of the pandemic and in what way these policies can damage the economy.        Assumption:    Variables such as infection rate, death rate and the recovery rate are influenced by the actu
Introduction:
This model aims to show that how the Tasmania government's COVID-19 policy can address the spread of the pandemic and in what way these policies can damage the economy.

Assumption:
Variables such as infection rate, death rate and the recovery rate are influenced by the actual situation.
The government will implement stricter travel bans and social distant policies as there are more cases.
Government policies reduce infection and limit economic growth at the same time.
A greater number of COVID-19 cases has a negative effect on the economy.

Interesting insights:
A higher testing rate will make the infection increase and the infection rate will slightly increase as well. 
Government policies are effective to lower the infection, however, they will damage the local economy. While the higher number of COVID-19 cases also influences economic activities.
Investigations into the relationships responsible for the success and failure of nations. This investigation was prompted after reading numerous references on the subject and perceiving that *Why Nations Fail: The Origins of Power, Prosperity, and Poverty* by Acemoglu and Robinson seem to make a gre
Investigations into the relationships responsible for the success and failure of nations. This investigation was prompted after reading numerous references on the subject and perceiving that *Why Nations Fail: The Origins of Power, Prosperity, and Poverty* by Acemoglu and Robinson seem to make a great deal of sense.

Original model done for The Perspectives Project though recast into Kumu.
 
 
 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

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.

A simple implementation of a Dynamic ISLM model as proposed by Blanchard (1981), and taken from An introduction to economic Dynamics - Shone (1997) - chapter 5. This model might serve as a framework to evaluate economic policies over GDP growth.
A simple implementation of a Dynamic ISLM model as proposed by Blanchard (1981), and taken from An introduction to economic Dynamics - Shone (1997) - chapter 5. This model might serve as a framework to evaluate economic policies over GDP growth.
 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 influ

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.