Find Insights | Insight Maker

This is an interface to explore UK-SSP4.

UK-SSP4 Inequality

Goodwin Model:

This is a basic version of the Goodwin Model based on Kaoru Yamagushi (2013), Money and Macroeconomic Dynamics, Chapter 4.5 (link)

Equilibrium conditions:

Labor Supply = 100

Devation from the equilibrium conditions generates growth cycles.

Goodwin Model

Silvan

7

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

Geoff McDonnell

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 - https://insightmaker.com/user/16029 (Rutgers University) in support of the SESYNC Climate Learning Project.

Steve Conrad (Simon Fraser University) modified the model to include emission/development/and carbon targets for the use by ENV 221.

REM 221 Simple Climate-Carbon-Economic Model with Targets

Steve Conrad

28

Description

This model attempts to show the complex interactions between the youth population of Bourke, the justice system, and community engagement programs. This model takes into consideration 3 key variables; the current socio-economic climate of Bourke, the number of police officers, and government funding allocated for community engagement programs. The models goal is to simulate the effects of the above specified variables on the youth population of Bourke.

Component Explanation

Total Youth Population - The total youth population of Bourke, set to an initial value of 100 to represent 100% of the youth population.

Stable Youth Population - Stable youth population is representing the proportion of youth in Bourke that have a stable upbringing and are not at risk of committing crime. Proportion can be altered by use of the socio-economic factors slider.

At Risk Youth Population - At risk youth population is representing the proportion of youth in Bourke that have an unstable upbringing and are at risk of committing crime. Proportion can be altered by use of the socio-economic factors slider.

Youth Crime - Is the amount of crime being committed by youth in Bourke.

Youth Detention - Is the amount of youth being detained for criminal activity.

Participants in Community Engagement Programs - The amount of the youth population that are being engaged to participate in community programs, such as football or netball clubs.

Youth Run Community Programs - Youth that have been engaged by community programs who go that step further and become more heavily involved in there club, such as coaching or youth leadership roles.

*NOTE* The goal of this stock is to attract at risk youth that are only involved as their friends are running it and take them out of that at risk population stock.

Socio-Economic Factors - Takes into consideration the factors of government and economy to give a proportion of stable and at risk youth. Slider goes between 0 and 1, 0=100% at risk, 1= 100% stable.

Police Officers - The amount of police officers present in Bourke. Slider goes between 2 and 53, 2 assuming 1 officer is patrolling and 1 running the station. 53 as the average wage of a NSW police officer is $75000, so with $4000000 available 53 is the most that Bourke could pay.

Program Funding - The funding for community engagement programs. The more higher funding for a the programs the higher the level of youth engagement. Slider values between $25000 and $3850000 as it shares the same $4000000 that the police wages come out of.

*NOTE* program funding slider set step at $75000, which is the average annual salary of a police officer.

*NOTE* when program funding goes up 1 slider step the police officer slider step must go down and vice versa. In order to maintain the $4000000 available for use.

Interesting Results

- The populations follow a cyclic trend based on the 6 month detention youth offenders.

-With a smaller amount of police officers and a higher funding for community programs a high proportion of at risk youth get involved with community programs instead of crime.

- With a high amount of police officers and little funding for community programs. The stable youth population goes on a upward trend and the at risk youth population turn to crime and end up in detention.

Bourke Justice Reinvestment Model (Ryan Tucker 44648995)

Ryan Tucker

Tourism Flow

Robert Luetkemeier

Simulation of Goodwin01 Minsky Model CLD in IM-172002 Compare with Part3 slide 3 of presentation in patreon. See extension Goodwin02 at IM-172145

Goodwin Minsky Simulation Keen Economic Dynamics Aug2019

Geoff McDonnell

5

COVID-19 outbreak in Burnie Tasmania Simulation Model

Introduction

This model simulates how COVID-19 outbreak in Burnie and how the government responses influence the economic community. Government responses are based on the reported COVID-19 cases amount, whcih is considered to be based on testing rate times number of people who are infected minus those recovered from COVID-19 and dead.

Government interventions include the implement of healthy policy, border surveillance, quarantine and travel restriction. After outbreak, economic activities are positively affected by the ecommerce channel development and normal economic grwoth, while the unemployement rate unfortunately increases as well.

Assumption

Enforcing government policies reduce both infection and economica growth.
When there are 10 or greater COVID-19 cases reported, the governmwnt policies are triggered.
Greater COVID-19 cases have negatively influenced the economic activities.
Government policies restict people's activities socially and economically, leading to negative effects on economy.
Opportunities for jobs are cut down too, making umemployment rate increased.
During the outbreak period, ecommerce has increased accordingly because people are restricted from going out.

Interesting insights

An increase in vaccination rate will make difference on reduing the infection. People who get vaccinated are seen to have higher immunity index to fight with COVID-19. Further research is needed.

Testing rate is considered as critical issue to reflect the necessity of government intervention. Higher testing rate seems to boost immediate intervention. Reinforced policies can then reduce the spread of coronvirus but absoluately have negative impacts on economy too.

Mengling Xue 561743 BMA708_Marketing insights into Big Data

Mengling Xue

Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.

Final Project 1 W/ Socio-Economic Factors

Geoffrey Alan Chapman

3

Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.

Q2 Final Project w/ socio-economic

Claire Murley

Estruturas dev miniempresa e balanco de massa de calculadora de consumo paaso1 um de projeto de sintese de fluxogramas visando sintese Gestao de viabilidade tecnologicas via diversos fluxogramasde blocos ,procesos , Analise de fluxo materials de sistemas miniempresa industrial

https://docs.google.com/spreadsheets/d/1DIYxae_Cgpa3n53KTMrMdj8pBYCmNeJlVM_CB_xpUi4/edit#gid=9

Matches' 275 Equipment Cost Estimates.

www.matche.com/equipcost/Default.html

Traduzir esta página

Matches provides 275 process equipment conceptual capital costs estimates.

‎Exchanger, Heat · ‎Index of Process Equipment ... · ‎Tank · ‎Vessel

Equipment Costs for Plant Design and Economics for Chemical ...

www.mhhe.com/engcs/chemical/peters/data/

Traduzir esta página

Instructions for file “EQUIPMENT COSTS” accompanying Plant Design and Economics for Chemical ... When entries are complete, CLICK on CALCULATE.

Plant Design and Economics for Chemical Engineers | Cost Estimator

highered.mheducation.com/sites/.../student.../cost_estimator.html

Traduzir esta página

McGraw-Hill Online, Learning Center. Student Center | Instructor Center | Information Center | Home ...Cost Estimator. Please click here to use the Cost Estimator.

[PDF]

Passo 1 Projeto de eng de Estruturas empresa ,Balanco de massa e calculadora de consumos

Pagandai V Pannir Selvam

50

System Thinking and Modelling of Biophysical, Socio-economic and Cultural components of Barangay Iwahig - Judy Ann Simil

Judy Ann Simil

Economic growth cannot go on forever, although politicians and most economist seem to think so. The activity involved in economic growth necessarily generates entropy (disorder and environmental degradation). Entorpy in turn generates powerful negative feedback loops which will, as a response from nature, ensure that economic activity will eventually grind to a complete halt. In these circumstances organised society cannot persist and will collapse. The negative feedback loops shown in this graph have already started to operate. The longer economic growth continues unabated, the more powerful these negative feedback loops will become. How long can economic growth continue before it is overwhelmed? It may not be very far in the future.

Entropy and Negative Feedback may stop Growth soon

Hanns-Jürgen Hodann

3

Butterfly Effect
Sensitivity To Initial Conditions
(sensitive dependence on initial conditions)
Navier Stokes Equations
Lorenz Attractor
Chaos Theory, Disorder and Entropy

Although the butterfly effect may appear to be an esoteric and unlikely behavior, it is exhibited by very simple systems: for example, a ball placed at the crest of a hill may roll into any of several valleys depending on, among other things, slight differences in initial position. Similarly the direction a pencil falls when held on its tip, or an universe during its initial stages.

These attractors apply to social systems and economics showing jumps between potential wells, and showing the strategic scaling behavior of rotating and cyclic systems whether they be social, economic, or complex spin or rotation of planets affecting weather and climate or spin of galaxies or elementary particles, or even a rock on the end of a piece of string.

What Playing with numbers is all about :)

If M is the state space for the map , then displays sensitive dependence to initial conditions if for any x in M and any δ > 0, there are y in M, with such that

Deterministic chaos

gw

3

Taken from Saeed, Khalid. ‘Limits to Growth Concepts in Classical Economics’. In Feedback Economics: Economic Modeling with System Dynamics, edited by Robert Y. Cavana, Brian C. Dangerfield, Oleg V. Pavlov, Michael J. Radzicki, and I. David Wheat, 217–46. Cham: Springer International Publishing, 2021. https://doi.org/10.1007/978-3-030-67190-7_9.

Note that I haven't been able to reproduce the reported results!

Marxian economic growth

filipesm

Based on the SIR (Susceptible, Infected, Recovered) model of disease, this is an upgraded model with more specifc vaeriables.

Insights:

When the growth rate and the number of the recovered is much larger than deaths, the economic activity remain steady growing.

Model of COVID-19 outbreak in Burnie Tasmania

Yini Song

3

Graph representation of Ch3 of their 2007 Monetary Economics book, based on Alvarez and Ehnts 2015 paper The roads not taken. Also see more complex WIP to successively split sectors at IM-185550 . See also essence of MMT IM for simpler intro

Godley and Lavoie Simple Growth Model

Geoff McDonnell

Buying and storing electricity when it is cheap, and selling it when it is expensive. What are the benefits, both public and private?

Smart Grid: Electricity storage and variable energy pricing

Carlos

14

Environmental, social, and economic strategy integration for better business ideas

Lindsey Ohlin

Based on chapter 14 of Modeling Dynamic Economic Systems

Quasi-competitive equilibrium model

Martín López Ramírez

213

climate change

jieyi zhang

Implementation of the Solow model of economic growth with labor enhancing technology.

parameters: s, alpha, delta, n, gA
variables: Y. K, L, C, A
per capita variables: y, k, c, a
per capita and technology variables: y~, k~, c~
steady state variables: y~*, k~*, c~*
all variables come with relative growth rates g

Features:

+steady state from beginning
+one time labor shock
+permanent savings quote shock
+permanent technological growth rate shock

Decreasing steady state variables when starting in steady state are numeric artifacts.

Solow growth model v1.0

Nils Hermes

The causes of homelessness is illustrated in this causal loop diagram

Homelessness problem

Fred Nel

This model shows the operation of a simple economy with two modifications made to Model 2 -- 1) feedback from production rate to consumption rate and 2) the use of a fractional rate input for calculating consumption rate.

In summary, lower fractional rates of consumption (based on production) result in higher levels of Savings.

Simple Economy: Model 3

Jim Berger