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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
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Irving Fisher's Debt Deflation Theory from Michael Joffe Fig. 3.4 p54 Ch3 Feedback Economics Book with Private Credit Inflation boom added to the  bust cycles
Irving Fisher's Debt Deflation Theory
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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
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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
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Plan for CCP project completion see IM-102242  for WIP detail of the structures of the related models
CCP Project Scope Deliverables and Extensions
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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
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This model analyzes the interaction between climate change mitigation and adaptation in the land use sector using the concept of forest transition as a framework.
Forest Transition
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Storytelling of My Investigating Insight Theme
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How long would it take for a digital health innovation to be sustained after implementation
Digital Health Sustainability Model
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case study insight
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WIP  based on Where profits come from paper , Nathan Tankus blog and other historical sources
Monetary Circuit Flows
3 weeks ago
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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
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Eastern oyster growth model calibrated for Long Island Sound
Developed and implemented by Joao G. Ferreira and Camille Saurel; growth data from Eva Galimany, Gary Wickfors, and Julie Rose; driver data from Julie Rose and Suzanne Bricker; Culture practice from the REServ team and Tessa Getchis. This model is a workbench for combining ecological and economic components for REServ. Economic component added by Trina Wellman.

This is a one box model for an idealized farm with one million oysters seeded (one hectare @ a stocking density of 100 oysters per square meter)

1. Run WinShell individual growth model for one year with Long Island Sound growth drivers;

2. Determine the scope for growth (in dry tissue weight per day) for oysters centered on the five weight classes)
 
3. Apply a classic population dynamics equation:

dn(s,t)/dt = -d[n(s,t)g(s,t)]/ds - u(s)n(s,t)

s: Weight (g)
t: Time
n: Number of individuals of weight s
g: Scope for growth (g day-1)
u: Mortality rate (day-1)

4. Set mortality at 30% per year, slider allows scenarios from 30% to 80% per year

5. Determine harvestable biomass, i.e. weight class 5, 40-50 g (roughly three inches length)
REServ Eastern oyster ecology and economics Long Island Sound
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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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Commercial aviation economic activity in the EU
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Causal loop diagram capturing the interactions, trade-offs, and synergies between agriculture (SDG 2), water availability (SDG 6), economic growth (SDG 8), and life on land (SDG 15). Positive feedback linkages are shown as a positive sign (+), whereas negative feedback linkages are shown with a negative sign (−). The purple arrows indicate the enviro-biophysical linkages. The green arrows indicate the socio-economic linkages. The SDG icons are courtesy of the UN SDG communications material. 


Reference - Bandari, Reihaneh, et al. "Participatory Modeling for Analyzing Interactions Between High‐Priority Sustainable Development Goals to Promote Local Sustainability." Earth's Future 11.12 (2023): e2023EF003948.

The Story of Interactions of SDGs
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Multiscale view of Combined PH and Economic Views IM 70763  in preparation for integrating with Prevention Investment Framework (private) IM
Multiscale Zoomable Prevention Model View
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When people talk about a government deficit, they forget that this is only one side of the ledger. On the other is a corresponding non-government SURPLUS. The money the government spends is not lost but shows up in the private sector as income. When one talks only of the deficit then one can understand that many think it should be reduced or even converted into a surplus, but reducing the government deficit reduces private sector income and a government surplus forces a deficit on the private sector with a potentially devastating effect on private sector wealth and economic activity.  Unless the economy is overheating, government deficits are usually healthy. For countries that run traditionally a trade deficit, such as the US they are necessary to maintain economic activity. Consider this fact: for almost all of past 40 years the US and the UK have run deficits without any harmful effects!

This video by professor Stephanie Kelton contains evidence that supports the modle.

https://www.youtube.com/watch?v=g6rlprwQB5E

The Dynamic that shows that Government Deficits benefit the Private Sector
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This is to support a discussion on money flows and growth. Money as a lubricant for the flow of embodied energy in human systems.
See also A Prosperous Way Down website
Odum Money and Energy Flows
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Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Final Project - Q2
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This is a toy model of an investment market.

Households follow a simple ratio to invest in bonds or equities.  In part, the investment decision is stochastic, such that stock market returns are volatile, with equities more volatile than bonds and with a higher yield. As such, the system shows increasing volatility as the investment bubble grows.


Investment Markets
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Clone of Clone of Clone of Economics Fast Fashion
3 5 months ago
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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
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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