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

Q2 Final Project w/ socio-economic

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

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

Very simple causal loop diagram of a loan, which can be any loan. However, when the loan is a fixed amount, that needs to be repaid in x periods, you can cross out the 'taking out' arrow from debt to bank account.

Causal loop diagram of a loan

Henny van Dongen

Marine tourism and snorkeling in the maldives

Anna

5

Based on chapter 14 of Modeling Dynamic Economic Systems

Quasi-competitive equilibrium model

Martín López Ramírez

213

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

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

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

Clone of Pesticide Use in Central America for Lab work

This model is an attempt to simulate what is commonly referred to as the “pesticide treadmill” in agriculture and how it played out in the cotton industry in Central America after the Second World War until around the 1990s.

The cotton industry expanded dramatically in Central America after WW2, increasing from 20,000 hectares to 463,000 in the late 1970s. This expansion was accompanied by a huge increase in industrial pesticide application which would eventually become the downfall of the industry.

The primary pest for cotton production, bol weevil, became increasingly resistant to chemical pesticides as they were applied each year. The application of pesticides also caused new pests to appear, such as leafworms, cotton aphids and whitefly, which in turn further fuelled increased application of pesticides.

The treadmill resulted in massive increases in pesticide applications: in the early years they were only applied a few times per season, but this application rose to up to 40 applications per season by the 1970s; accounting for over 50% of the costs of production in some regions.

The skyrocketing costs associated with increasing pesticide use were one of the key factors that led to the dramatic decline of the cotton industry in Central America: decreasing from its peak in the 1970s to less than 100,000 hectares in the 1990s. “In its wake, economic ruin and environmental devastation were left” as once thriving towns became ghost towns, and once fertile soils were wasted, eroded and abandoned (Lappe, 1998).

Sources: Douglas L. Murray (1994), Cultivating Crisis: The Human Cost of Pesticides in Latin America, pp35-41; Francis Moore Lappe et al (1998), World Hunger: 12 Myths, 2nd Edition, pp54-55.

REM 221 - Causal Loop diagramming

Steve Conrad

371

An initial study of the economics of single use coffee pods.

Coffee Pods ISD Humanities - Anouk D 10.4

Anouk de Jong

Challenge p.212 Business Dynamics, Sterman

Oil Shortage 1979 Iran Revolution

Roland Kofler

3

Model introduction

This is an SIR model that simulates the potential COVID outbreak that can happen in Burnie, Tasmania after the positive case reported on October 2nd 2021, which incorporates three parts: Susceptible – Infectious – Recovered Looping model, government’s health policy that will affect each phase of the SIR process, and the potential economy that will affect people’s behaviours and thus influence the effectiveness of government’s public policy.

For instance, the values of variables deciding the inflection rate are influenced by actions taken to control the situation, such as through the quarantine of those infected, social distancing, travel bans, and personal isolation and protection strategies. Conversely, the magnitude of the problem at various points in time will also influence the magnitude of the response to control the situation.

Assumptions

1. The population is assumed to be homogeneous and well-mixed. And there is no significant change on the total population due to births and deaths.

2. Once lockdown is lifted, no further imported cases are assumed to occur.

3. Super spreader events are not explicitly considered.

4. The interaction among states is assumed to be implicit.

5. All confirmed cases would go to quarantine, and 90% of their contacts can be traced.

6. Contact tracing and testing capacity is sufficient.

Insights

Ideally, both one-way scenario analysis and two-way scenario analysis (amount change in one/two variables each time) will be conducted to find out the variable that has the greatest impact on getting new cases. Insights below can be gained:

1.What happens if people are more/less likely to pass on infection, through washing their hands and sneeze into their elbows (infection rate affected by people’s behaviours that will further induced by government’s policies)

2. How vaccination rate will affect the development of positive cases

3. What if the structure of the contact network changes (extent to which school, workplace and restaurants is shut down)

4. How growth rate is sensitive to the duration of illness and probability of infection

SIR - Government - Economy model of COVID19 outbreak in Burnie, Tasmania AU

Ruixin Zhang

This is a first attempt to illustrate the interconnected nature of the economic assets of Roswell - Chaves County

RCC economic model

Jens Deichmann

Tourism Flow

Robert Luetkemeier

Economic Model

Stella Mosher

This model is based off Meadows economic capital with reinforcing growth loop constrained by a renewable resource model.

Tourism Simulator

JP Burklow

4

This seeks to model increasing improvements in long run economic growth potential as the education level increases.

LR Economic Growth

Coby Joseph

This model shows the operation of an extremely simple economy. The system produces and consumes each item (or good) at a fixed rate.

When production exceeds consumption, consumer goods accumulate in stocks. Trading may occur between actors in this system. That will not, however, affect the quantities of the stocks of goods. It only affects ownership (not a concern of this model.)

Simple Economy: Model 1

Jim Berger

4

Ijssel Delta Final

B G

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

Martín López Ramírez

4

Based on the Market and Price simulation model in System Zoo 3.

I wrote an explanation of the model which you can find here: https://kdrive.infomaniak.com/app/share/1524656/f05f288f-6b27-4b32-87aa-46114dccc956

Z504 Market and Price - System Zoo 3

Henny van Dongen

8 5 months ago

Any activity requires the use of energy. Economic activity is not possible without energy, especially fossil fuels. An increase in economic activity necessarily leads to an increase in the use fossil fuels and greenhouse gas emissions. In addition there will be a commensurate increase in waste products, pollution and heat. This is dictated by the laws of physics and unavoidable. A problem arise when the cost of this degeneration caused by continual economic growth surpasses the benefit society derives from it. The ecological economist Professor Herman Daly (2014) explained that when the impact on the ecosystem is correctly measured, global growth has reached a point where the total private and social costs of economic growth outweigh the private and social benefits. In other words, more economic growth is making global society worse off overall - growth has become uneconomic! The model shows that eventually pressures will build up that counteract the perennial belief that all social ills can be solved with economic growth.

The dynamic of UNECONOMIC growth

Hanns-Jürgen Hodann

The causes of homelessness is illustrated in this causal loop diagram

Homelessness problem

Fred Nel