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Economic Assessment Model Virtualisation of Electric Substations

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• This model examines how sustainable consumerism is from social, economic, and environmental aspects. The question in focus is "How will our second-hand clothing donations affect communities in developing countries, specifically Kenya?"

5 Stock Variables:

• U.S. Consumers

• Multinational Corporations

• Overseas Factories

• Kenya

Highlight Findings:

To sum up, there are 4 major problems associated to donations:

• 1. Source of problem is the consumer: Cheap deals attract hundreds of millions in revenue for fast fashion, and contribute to 100,000 tonnes of clothing to Kenya annually.

• 2. Rapid consumerism leads to over-utilization of slowly-renewable resources, such as water.

• 3. Nearly 96% of textiles jobs are eradicated by the massive inflow of clothing donations to Kenya.

• 4. The offshoring of textiles jobs enrages U.S. blue-collar workers, leading to the rise of protectionism.

The environmental, social, and economic sustainability aspects of textiles donations

Christina Cheung

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.

Why Nations Fail

Fanda Bunda

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

Geoff McDonnell

Model

Victor Wong

Assignment 1- Part 2 Energy Economics and Fossil Fuels

Berberian_Energy Economics and Fossil Fuel

Lori Berberian

3

Book Summary of The Great Transformation by Karl Polanyi see Wikipedia . See also more Karl Polanyi ideas IM-181325

The Great Transformation

Geoff McDonnell

8

Explanation:

Explanation:

This model presents the COVID-19 outbreak in Burnie and how the government reacts to it. Moreover, the model also illustrates how the economy in Burnie is impacted by the pandemic. The possible stages of residents when the infectious disease spreads in Burnie can be concluded as Susceptible, Infection and Recovery, which are used as the main data in this model. However, the improvement of decreasing of reported infection rates of this infectious disease and increasing of recovery rates are contributed by the implementation of the Government Health Policy.

Assumption

The decrease of both infection rate and economic growth are all influenced by the Government Health Policy simultaneously. The Government Health Policy is only triggered when there are 10 cases reported. However, the increase in reporting COVID-19 cases affects economic growth negatively.

Interesting Insights:

There are two interesting insights that have been revealed from the simulation. First, the death rate continuously increased even though the infection rate goes down. However, the increase in testing rates contributed to the stability of the death rate towards the end of the week. Moreover, higher testing rates also trigger faster government intervention, which can reduce infectious cases. Second, as the Government Health Policy limited the chance of going out and shopping, the economic growth is negative due to the higher cases.

BMA708, Assessment 3: Complex system, Burnie Covid-19 outbreak

Hanyong Li

tbd

Associative Economics - The Farmer, The baker and The Bread Eaters

Joshua Gottdenker

Economics hw

julianna valenzona

Simple model of the global economy, the global carbon cycle, and planetary energy balance.

The planetary energy balance model is a two-box model, with shallow and deep ocean heat reservoirs. The carbon cycle model is a 4-box model, with the atmosphere, shallow ocean, deep ocean, and terrestrial carbon.

The economic model is based on the Kaya identity, which decomposes CO2 emissions into population, GDP/capita, energy intensity of GDP, and carbon intensity of energy. It allows for temperature-related climate damages to both GDP and the growth rate of GDP.

This model was originally created by Bob Kopp (Rutgers University) in support of the SESYNC Climate Learning Project.

Simple Climate-Carbon-Economic Model

Bob Kopp

38

Overview of Part F Ch 25 and 26 of Mitchell Wray and Watts Textbook see IM-164967 for book overview

Economic Instability

Geoff McDonnell

21

Wealth can be seen as the factories, infrastructure, goods and services the population of a nation dispose of. According to Tim Garrett, a scientist who looks at the economy from the perspective of physics, it is existing wealth that generates economic activity and growth. This growth demands the use of energy as no activity can take place without its use. He also points out that the use of this energy unavoidably leads to concentrations of CO2 in the atmosphere. All this, Tim Garrett says, follows from the second law of thermodynamics. If wealth decreases then so does economic activity and growth. The CLD tries to illustrate how wealth, ironically, now generates the conditions and feedback loops that may cause it to decline. The consequences are inevitably economic stagnation (or secular recession?).

You can read about the connection Tim Garrett makes between 'Wealth, Economic Growth, Energy and CO2 Emissions' simply by Googling 'Tim Garrett and Economy'.

ECONOMIC GROWTH WILL MAKE EVERYTHING WORSE

Hanns-Jürgen Hodann

Unfolding story based on Bogdanov's original A Short Course of Economic Science text and Pilyugina's 2019 article

Bogdanov Economic History of Societies

Geoff McDonnell

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

Circularity in Economic models 2

Geoff McDonnell

3

Barangay IRAWAN Systems Model

Biophysical, Socio-cultural & Economic Data of Bgy. IRAWAN

Alonzo S. Peralta

This model also shows the operation of a simple economy. It differs from Model 1 primarily in the representation of all goods in the economy by units of measure of a higher level of abstraction. Thus, the same model can represent economies at different levels.

The simulation demonstrates how differing rates of consumption affect Savings.

Simple Economy: Model 2

Jim Berger

3

Cornerstore Economic Model

Lee Cookson

5

Summary of Ch1 of Mitchell Wray and Watts Textbook see IM-164967 for overview

Macroeconomics Introduction

Geoff McDonnell

56

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

Geoff McDonnell

4

This model shows the COVID-19 outbreaks in Burnie and the Government intervention to alleviate the crisis and also how is the intervention affect the economy.

It is assumed that the Government intervention is triggered when the COVID-19 case is equal to or more than 10.

Government intervention - lock down the state, suppress the development of COVID-19 effectively. It is related to most of people stay at home to reduce the exposure in public area.

On the other hand, it also bring the economy of Burnie in the recession, as no tourists, no dining out activities and decrease in money spending in the city.

Burnie COVID-19 outbreaks and economic impacts_Pui Chu Daisy Cheung 524767

Pui Chu Daisy Cheung

7

Simple tragedy of the commons behavior model.

Common Resources

Osman Murat Anlı

4

This model is an extension of the System Thinking Certification course Network Magic Growing Pains segment and the Strategies for Enabling a Better Tomorrow model, which served as the blueprint for this model.

This model is intended to become part of an online learning platform which includes the with the Pathways to New Community Paradigms Blog, Pathways to New Community Paradigms Wiki and a number of other Internet based resources to explore what is termed here 'new community paradigms' which are a transformational change brought about by members of a community.

New Community Paradigms Entrenched City Halls

Brian Dowling

Economic capital growth model, Figure 27 from Thinking in Systems by Donella H. Meadows

Economic Capital Growth

Paradox Consulting

6