Insight diagram
An initial study of the economics of single use coffee pods.
Helene D. Coffee Pod Investigation
Insight diagram
Economical Factors of Science: C8
Insight diagram
Week 13.1 Lab Economic Model
Insight diagram
This Insight is used for simulating growth of a company with specified parameters.
CompanyGrowth
Insight diagram

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
Insight diagram
From Warren C. Sanderson in Population - Development - Environment, Wolfgang Lutz (Ed.), 1994, Springer.

More readable equations in Milik et al. Environemental Modeling and Assessment 1(1996)3-17.

Additional informations in Sanderson 1995: http://dx.doi.org/10.1080/08898489509525405

Vensim graphical representation from "Meta-SD blog", Tom Fiddaman.


Wonderland
Insight diagram
Book summary of Albert O Hirschman's 1982 book, explaining cycles of collective public action.
Shifting involvements
Insight diagram
A causal loop diagram illustrating solutions for the homelessness problem
Homelessness Model
Insight diagram
In this Insight I focus on the demand site of the Market and Price model, leaving the supply side out.
Demand factors
Insight diagram

Adam Smith's The Invisible Hand: The Feedback Structure of Markets. From Sterman JD Business Dynamics p170 Fig 5-26. A price-mediated resource allocation system..

Price control mechanism
Insight diagram
Book Summary of The Great Transformation by Karl Polanyi see Wikipedia . See also more Karl Polanyi ideas IM-181325
The Great Transformation
Insight diagram
I have tried to capture the unemployment benefits budget in a causal loop diagram. You can make this as extensive as you want, but I have tried to focus on how unemployment benefits are financed and on the main determinants of expenditures and income. I was not (yet) able to 'close te loop' - to build the diagram up from feedback cycles. 
The diagram is in Dutch.
Causal loop diagram of unemployment benefits
Insight diagram
This model is comparing healthy and sick residents in Burnie, Tasmania after the Covid-19 Outbreak in 2020. It will also show how the Burnie economy is effected by the disease, how the Government Health Policies are implemented and how they are enforced.

This model is based on the SIR, Susceptible, Infection, Recovery (or Removed) These are the three possible states related to the members of the Burnie population when a contagious decease spreads.

The Government/Government Health Policy, played a big part in the successful decrease in Covid-19 infections. The Government enforced the following.
- No travel (interstate or international)
- Isolation within the residents homes
- Social distancing by 1.5m
- Quarantine
- Non essential companies to be temporarily closed
- Limitations on public gatherings
- And limits on time and kilometers aloud to travel from ones home within a local community

This resulted in lower reported infection rates of Covid-19 and higher recovery rates.

In my opinion:
When the first case was reported the Government could have been even faster to enforce these rules to decrease the fatality rates further for the Burnie, population.  

Assumption: Government policies were only triggered when 10 cases were recorded.
Also, more cases that had been recorded effected the economic growth during this time.

Interesting Findings: In the simulation it shows as the death rates increases towards the end of the week, the rate of testing goes down. You would think that the government would have enforced a higher testing rate over the duration of this time to decrease the number of infections, exposed which would increase the recovery rates faster and more efficiently.  

Figures have been determined by the population of Burnie being 19,380 at the time of assignment.

Complex Systems How Burnie Tasmania dealt with Covid-19 Outbreak BMA708
Insight diagram
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
Insight diagram
Economic Model - Final Project
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Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Q1 Final Project w/ socio-economic
Insight diagram
An initial study of the economics of single use coffee pods.
3 variables-- ORIGINAL Coffee Pods ISD Humanities v 1.02
Insight diagram

Overview

The model shows the industry connection and conflict between Forestry and Mountain Tourism in Derby, Tasmania. The objective of this simulation is to find out the balance point for co-exist.

 

How Does the Model Work?

Both industries can provide economic contribution to Tasmania. Firstly, selling timbers through logging would generate income. Also, spendings from mountain bike riders would generate incomes. However, low tree regrowth rate can not cover up logging, which influences the beautiful vistas and riders' experiences. While satisfaction and expectation depend on vistas and experience, the demand of mountain biking would be influenced through repeat visits and world of mouth as well.

 

Interesting Insights

Although forestry can provide a great amount of economic contribution to Tasmania, over logging goes against ESG framework as well as creating conflict with mountain tourism. As long as the number of rider visits is stable, tourism can always provide a greater economic contribution compared to forestry. Therefore, the government should consider the balance point between two industries.

Simulation of Derby Mountain Bikes versus Forestry
Insight diagram
During the 'big recession' many governments have deliberately repressed salaries, usually via structural reforms, in order to gain competitivity. However, repression of salaries increases inequality, social discontent and often has counterintuitive effects. Salaries are a cost for companies, but they are also the basis for the demand for the goods and services they offer: people with little income cannot afford them. Scientific studies have shown repeatedly that economic growth generated via salary increases does not endanger the creation of employment, but rather reinforces it. In most countries, the 'positive effect of salary increases' eclipses any possible negative effects on export competitivity and even any detrimental effect on investment. A good example of such a study is the work of ONARAN and OBST on Wage-led Growth in the EU15 Member States (2016).  This positive dynamic has been highlighted in the model by prominent arrows. The policy implications for governments are clear! 

Dynamik Linking Wage Increases to Higher Growth and Profits
Insight diagram
To compete with cheap price and convenience,
Community Economy must provide the distinct merits; human connection, belief in person, unique quality enable citizens willing to pay for fair price.
Community Values Change the Spending Choice of Citizens for Economic Equity
Insight diagram
Base Economy
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Stephen P Dunn 2010 Book summary including Technostructure MMT PCT critical realist and managing perceptions links
The Economics of JK Galbraith
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Structure of model in Nathan Forrester's 1983 MIT Thesis comprising 4 models
Macroeconomics System Dynamics Nathan Forrester
3 6 months ago