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Model-SIM from Chapter 3 of Wynn Godley and Marc Lavoie's Monetary Economics, adapted for an open economy. The model is stock-flow consistent with only government money--no bills or bonds. No central bank and interest rates do not change. Government spends buying output from the production sector. The production sector is passive turning over all revenue over to households. Households save out of income and spend partially spend out of wealth. Imports and exports pass through the production sector illustrating the idea that consumer households buy from domestic businesses that which they have imported. The model also tracks the sectoral balance flows and changes in equity. Sectoral flows and equity balances match each other dollar for dollar to satisfy the sectoral balances accounting identity (Household Saving - Consumption) + (Business Saving - Expenditure) + (Taxes - Government Spending) - (Exports - Imports) = 0. Since business investment occurs internally to the Business Sector, 
SFC_Model-SIM_open_economy
2 months ago
Insight diagram
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
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WIP Summary of MIchael Hudson's Book Killing the Host: How Financial Parasites and Debt destroy the Global Economy 
Killing the Host
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Based on chapter 14 of Modeling Dynamic Economic Systems
Quasi-competitive equilibrium model
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​ This model is used in a world studies extended essay research. The research question is: In what ways would the water desalination method used in Singapore benefit   water-stressed and economically less developed countries, using Palestine as a case study.
This model retrieved data on Palestine water resources from Authority, Palestinian Water. "Annual status report on water resources, water supply, and wastewater in the occupied State of Palestine 2011." Palestinian Water Authority, Ramallah 13 (2012) 
Data for Singapore desalination process is taken from PUB, Singapore Water Agency, "Singapore Water Story." PUB, Singapore's National Water Agency. N.p., n.d. Web. 25 Feb. 2017.
Data for Palestine population growth was taken from World Bank. World Bank. "West Bank and Gaza Home." The World Bank. N.p., n.d. Web. 25 Feb. 2017.
This model assumes that Palestine population will grow at 2.92% (World Bank, 2015) and average domestic consumption is 90 litres per capita per day(Palestine Water Authority, 2012). This model does not take into account growing demands for industrial and agricultural sector. It also does not show the impact of climate change on Palestine natural water resources.


Model of Palestine water demand and supply in 40 years without input from desalination process
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Study of the self-and all the rest society
Economic Insight
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not a mathematical model. just a general one
impact of globalization
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Smithian growth model from Michael Joffe Fig. 3.7 p57 Ch3 Feedback Economics Book
Adam Smith's Growth through Division of labour
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Jay Forrester's "Market Growth as Influenced by Capital Investment" model as rebuilt by Eric Stiens
Market Growth as Influenced by Capital Investment
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Marine Tourism Task III - Great Blue Hole
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This model demonstrate how the exisitng tested COVID cases effects economic recovery via goverment intervenes.
Assumption:Goverment intervenes positively contribute on transmission, patients recovery, and death elimination. When existing cases equal or lower than 10 cases, economic growth will be soaring with helps of influencial elements.
Interesting points: even though there are certain amount of unknow cases, enhancing social restriction and increasing test rate ould still reduce amount of cases
Complex Model to Simulate How COVID Outbreak Influence Economic Recovery in Burnie
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This Model was developed from the SEIR Model (Susceptible, Exposed, Infected, Recovered) and it predicts the COVID-19 outbreak in Burnie, Tasmania. This pandemic outbreak contributes to diverse rates including infection rate, death rates and recovery rate, government policies and its economic impacts.    

Assumptions:

 This model is driven by its determined rates, e.g., incubation rate, morality rate, test rate and immunity loss rate and its recovery rate.

Government policies are involved in fully vaccination rate, social distance, national border closure, travel, and business restriction which effect Burnie’s economy.

There are three economic entities dimensions in Burnie Island, we can tell that the pandemic has negative impact on Brick-and-Mortar enterprises and tourism business to some extent, whereas, e commercial business plays a crucial role to stimulate the regional economic activities during the COVID-19 period.

 

Interesting Insights:

 The figure of susceptible changes significantly during the initial 3 weeks because of low recovery rate and high infection rate. On the other hand, the implementation and interventions of government policies is effective, because the number of patients who tested negative is increased and the majority of them release and go back home after medical follow-up. 

Xueli Huang 501514, BMA708 Model of COVID-19 Outbreak in Burnie, Tasmania
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Based on G.P. Cimellaro et al. Framework for analytical quantification of disaster resilience Engineering Structures 32 (2010) 3639–3649 paper

Facilities Disaster Resilience
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This model simulates the economics of buying a home. It was created to compare buying a home against using investment returns to pay for rent. According to Micheal Finke, house prices typically run 20x monthly rental rates. 

Try cloning this insight, setting the parameter values for real-world scenarios, and then running sensitivity analysis (see tools) to determine the likely wealth outcomes. Compare buying a home to renting. Note that each run will keep the parameters the same while simulating market volatility.

version 2.0
Home buying simulation 2.0
10 months ago
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Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Q2 Final Project w/ socio-economic
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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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A sample model for class discussion modeling COVID-19 outbreaks and responses from government with the effect on the local economy.  Govt policy is dependent on reported COVID-19 cases, which in turn depend on testing rates less those who recover

Assumptions
Govt policy reduces infection and economic growth in the same way.

Govt policy is trigger when reported COVID-19 case are 10 or less.

A greater number of COVID-19 cases has a negative effect on the economy.  This is due to economic signalling that all is not well.

Interesting insights

Higher testing rates trigger more rapid government intervention, which reduces infectious cases.  The impact on the economy, though, of higher detected cases is negative. 




Burnie COVID-19 outbreak demo model version 2
39 11 months ago
Insight diagram

Economic capital growth in a system constrained by a non-renewable resource, Figure 37 from Thinking in Systems by Donella H. Meadows

Economic Capital Growth - Resource Constrained
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Sandbox for testing InsightMaker features using pipeline Construction & ROW land conversion as a driver of changes in ecosystem service value.
ESV Test
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EcoCinco_Deforestation_Land Changes
9 months ago
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Economic contibution
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IASAM
Artis
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References:

http://hcrs.co/wp-content/uploads/Hay%20Egg%20Loss%20Folder/
Dahlberg%201979%20A%20Review%20of%20Surviva
l%20Rates%20of.pdf

http://www.bbc.com/news/science-environment-36716579

https://adventure.howstuffworks.com/outdoor-activities/fishing/fish-conservation/fish-populations/fishing-quota1.htm

https://healthresearchfunding.org/pros-cons-fish-farming/

http://www.academyforchange.org/wp-content/uploads/2012/08/Fishery-Causal-Loop-Diagram-2011.9.pdf

http://www.dfo-mpo.gc.ca/Library/329545.pdf

http://worldoceanreview.com/en/wor-2/fisheries/illegal-fishing/

http://www.dfo-mpo.gc.ca/stats/commercial/cfs/2012/section4-eng.htm

http://fishcount.org.uk/fish-count-estimates

https://www.worldatlas.com/articles/how-many-fish-are-there-in-the-ocean.html

http://www.umich.edu/~csfound/545/1998/narayans/chap07.htm

https://www.tandfonline.com/doi/abs/10.1080/09669580802276000

http://www.dfo-mpo.gc.ca/oceans/mpa-zpm/index-eng.html

https://www.newstatesman.com/politics/2015/07/selling-sea-how-our-fish-lost-their-freedom-market-forces

ISCI360_Group12Solution