Economic-Impacts Models

These models and simulations have been tagged “Economic-Impacts”.

Description   The model shows Covid-19 situations in Burnie, Tasmania. Under such circumstances, how the state government deals with the pandemic and how economy changes will be illustrated. The relationship between government policy and economic activities under Covid-19 outbreaks will be
Economic Impacts COVID-19 Government Policy

Description

 

The model shows Covid-19 situations in Burnie, Tasmania. Under such circumstances, how the state government deals with the pandemic and how economy changes will be illustrated. The relationship between government policy and economic activities under Covid-19 outbreaks will be explained through different variables.


Assumptions

 

Government policy negatively affects Covid-19 outbreaks and economic activities.

Covid-19 outbreaks also has negative effects on economic growth.

 

Parameters

 

There are several fixed and adjusted variables.

 

1.     COVID-19 Outbreaks

Fixed variables: infection rate, recovery rate

Adjusted variables: immunity loss rate

 

2.     Government Policy

Adjusted variables: lockdown, social distancing, testing, vaccination

3.     Economic impact

Fixed variables: tourism

Adjusted variables: economic growth rate

 

Interesting Insights

 

Tourism seems to be the most effective way to bring back economic growth in Tasmania, and it takes time to recover from Covid-19.

 

Government policies tend to have negative influences on economic growth.

BMA708 Assignment 3_Yu Wang_595070
Yu Wang
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 interventi
BMA708 COVID-19 Burnie Economic Impacts
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
Pui Chu Daisy Cheung
7
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 interventi
Burnie Economic Impacts BMA708 COVID-19
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.
Clone of Burnie COVID-19 outbreaks and economic impacts_Pui Chu Daisy Cheung 524767
Lin Ling
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 interventi
Economic Impacts COVID-19 Burnie BMA708
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.
Clone of Burnie COVID-19 outbreaks and economic impacts_Pui Chu Daisy Cheung 524767
KV