Find Insights | Insight Maker

This is the completed Student Home Version.

The balance of model elements are included for reference and will be built-in consecutively according to the model building plan.

The elements of home (darker blue) and elements of students (cyan blue) are linked and active.

Current structure reflects the neurocognitive literature. Influence parameters need further calibration based upon complete data sets.

Version 5: Student-Home

Robert L. Brown

14

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

S2 @2025 of Lab 13 Start

Kyle Brennan

This is an important Henry George insight; labor creates all wealth (rather than capital creating it).

This model attempts to illustrate (crudely) how capital responds to price discovery.

Among many things it will be necessary to show how money is created and the link between money and capital. (10/11/2014)

To Do

find out how to draw appropriate flows; reinforcing and balancing loops etc

Labor creates Wealth

Richard

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

Map of Geoffrey M Hodgson's 2015 Conceptualizing Capitalism book summary pdf with other ideologies added sept 2021 from new politics website

Capitalism and Ideologies

Geoff McDonnell

3

From Walrave ISDC2014 paper Counteracting the success trap in publically owned corporations. Similar to the ordinary (efficiency focussed) and dynamic capabilities (explore) insight described by David Teece

See also evolution and brain control insight

Explore or Exploit

Geoff McDonnell

5

WIP of Rammelt's 2019 System Dynamics Review Article which has STELLA and Minsky software versions as supplements. Compare with the older IM-2011 version

Simplified Keen Goodwin Minsky Financial Instability model

Geoff McDonnell

3

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

Helene D. Coffee Pod Investigation

Helene D.

ESI6550 Group 6

Trevor Case

This is Figure 6 from Lancastle, N. (2012) 'Circuit Theory Extended: The Role of Speculation in Crises' based on Keen, S. (2010). Solving the Paradox of Monetary Profits.

http://www.economics-ejournal.org/economics/journalarticles/2012-34

Banks expand their lending, which in this model leads to higher production, wages and spending. The result is an increase in total spending.

Keynesian Boost

Neil Lancastle

This Insight is used for simulating growth of a company with specified parameters.

CompanyGrowth

Stanislav Kubis

System Thinking and Modelling of Brgy. Irawan, PPC (Biophysical, Cultural and Economic Component)

Pia Mae Palay

INTRODUCTION

This is a balanced loop model that demonstrates how COVID 19 outbreak in Burnie and the response of the government (e.g. by enforcing health policies: Lockdown; quarantine, non-necessary business closure; border closure) affect the local economy. This model has 13 positive loops and seven negative loops. Government response is dependent on the number of reported COVID-19 cases which in turn thought to be dependent on the testing rates less those who recovered from COVID 19 and dead. Economic activity is dependent on the economic growth rate, increased in online shopping, increased in unemployment, number of people who do not obey the rules, COVID 19 cases and health policies.

ASSUMPTIONS

· Both infection and economic growth is reduced by enforcing government policies

· However, the negative effect of government policies is reduced by the number of people who do not obey government health policies

· Govt policies are enforced when the reported COVID-19 case are 10 or greater.

· Number of COVID cases reported is dependent on the testing rates less those who recovered and dead.

· The higher number of COVID-19 cases have a negative effect on local economy. This phenomena is known as negative signalling.

· Government policies have a negative effect on economic activity because health policies limit both social and economic activities which directly or indirectly affect the economy in Burnie .

· This negative effect is somewhat reduced by the increase in online shopping and the number of people who do not obey heath rules.

INTERESTING INSIGHTS

The test ratings seem to play a vital role in controlling COVID-19 outbreak. Higher Rates of COVID testings decrease the number of COVID 19 deaths and number of infected. This is because higher rates of testing accelerate the government involvement (as the government intervention is triggered earlier, 10 COVID cases mark is reached earlier). Delaying the government intervention by reducing the COVID testing rates increases the death rates and number of infected.

Increased testing rates allow the figures (deaths, susceptible, infected) to reach a plateau quickly.

BMA708- Shakila Bethmage- 548351 - COVID 19 Outbreak in Burnie

Shakila Piyumi Perera Bethmage

This model is made to illustrate the components that impact profitability on a basic level.

Profit maximizing

Henny van Dongen

System Zoo Z409 Fishery dynamics from Hartmut Bossel (2007) System Zoo 2 Simulation Models. Climate, Ecosystems, Resources

Fishing is a classic example for use of a renewable resource. Unless overfished, fish populations If is hardly by fishing, then the fish population will persist at a constant size corresponding to its specific ecological envi ronment If the stock is overfished, the juvenile generation becomes too small to fully replace the adult generation. If overfishing continues. the population cannot recover and will collapse in short time. Even if fish catch stops now/, it could take decades until the fish population recovers to its original size if it hasn't become extinct meanwhile. In many of the world overtlshing has led, and still leads, to the complete collapse of formerly huge tlsh populations: herring in the North Sea, codtlsh in the Northern Atlantic. tuna, whales to name only a few. With the collapse of fish stocks came the collapse of the t1shing industry in many regions. Employment and

incomes disappeared: whole regions (like Newfoundland) lost their economic base.

REM 221 - Z409 Fishery dynamics

Steve Conrad

29

Test 4

Marco

A Model for COVID-19 outbreak

AT3

ching tung li

Based on G.P. Cimellaro et al. Framework for analytical quantification of disaster resilience Engineering Structures 32 (2010) 3639–3649 paper

Facilities Disaster Resilience

Geoff McDonnell

Clone of Economic Assessment Model Virtualisation of Electric Substations

nadineK

6 months ago

Model description:

This model is designed to simulate the outbreak of Covid-19 in Burnie in Tasmania. It also tell us the impact of economic policies on outbreak models and economic growth.

Variables:

The simulation takes into account the following variables and its adjusting range:

On the left of the model, the variables are: infection rate( from 0 to 0.25), recovery rate( from 0 to 1), death rate( from 0 to 1), immunity loss rate( from 0 to 1), test rate ( from 0 to 1), which are related to Covid-19.

In the middle of the model, the variables are: social distancing( from 0 to 0.018), lock down( from 0 to 0.015), quarantine( from 0 to 0.015), vaccination promotion( from 0 to 0.019), border restriction( from 0 to 0.03), which are related to governmental policies.

On the right of the model, the variables are: economic growth rate( from 0 to 0.3), which are related to economic growth.

Assumptions:

(1) The model is influenced by various variables and can produce different results. The following values based on the estimation, which differ from actual values in reality.

(2) Here are just five government policies that have had an impact on infection rates in epidemic models. On the other hand, these policies will also have an impact on economic growth, which may be positive or negative.

(3) Governmental policy will only be applied when reported cases are 10 or more.

(4) This model lists two typical economic activities, namely e-commerce and physical stores. Government policies affect these two types of economic activity separately. They together with economic growth rate have an impact on economic growth.

Enlightening insights:

(1) In the first two weeks, the number of susceptible people will be significantly reduced due to the high infection rate, and low recovery rate as well as government policies. The number of susceptible people fall slightly two weeks later. Almost all declines have a fluctuating downward trend.

(2) Government policies have clearly controlled the number of deaths, suspected cases and COVID-19 cases.

(3) The government's restrictive policies had a negative impact on economic growth, but e-commerce economy, physical stores and economic growth rate all played a positive role in economic growth, which enabled the economy to stay in a relatively stable state during the epidemic.

Model of COVID-19 Outbreak in Burnie, Tasmania

LILI LIU

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 (Rutgers University) in support of the SESYNC Climate Learning Project.

Clone of Simple Climate-Carbon-Economic Model