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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

Geoff McDonnell

8

CLD EJ3

Morgan Kull

4

ABOUT THE MODEL

This is a dynamic model that shows the correlation between the health-related policies implemented by the Government in response to COVID-19 outbreak in Burnie, Tasmania, and the policies’ impact on the Economic activity of the area.

ASSUMPTIONS

The increase in the number of COVID-19 cases is directly proportional to the increase in the Government policies in the infected region. The Government policies negatively impact the economy of Burnie, Tasmania.

INTERESTING INSIGHTS

1. When the borders are closed by the government, the economy is severely affected by the decrease of revenue generated by the Civil aviation/Migration rate. As the number of COVID-19 cases increase, the number of people allowed to enter Australian borders will also decrease by the government.

2. The Economic activity sharply increases and stays in uniformity.

3. The death rate drastically decreased as we increased test rate by 90%.

COVID-19 Outbreak in Burnie Tasmania (Rajaa Sajjad, 538837)

Rajaa Sajjad

3

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

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刘翱玮

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Andhika

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Stephen P Dunn 2010 Book summary including Technostructure MMT PCT critical realist and managing perceptions links

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Greg Dubrich

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There are many reasons why reality does not alter doctrines. Some of the factors and their dynamics are shown in the CLD.

However, an unchanging doctrine may prompt actions that influence and change reality. Do ill-adapted doctrinal reactions not increase the complexity in the world, potentially making everything worse? Some Neoliberal economic remedies come to mind.

THE INALTERABILITY OF DOCTRINES TENDS TO INCREASE COMPLEXITY

Hanns-Jürgen Hodann

Michael Marmot's Eur J Epidemiol Essay 2017 See also IM-62760 Social determinants of health from Michael Marmot's ABC 2016 Boyer Lectures on Social Justice and the Health Gap

Social Justice, Epidemiology and Health Inequalities

Geoff McDonnell

SSM Lionfish Management

RRamos

4 3 months ago

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