Places to Intervene in a System. Is the Economy a Complex System? What is a system? What is a complex system?

Slides:

Advertisements

Similar presentations

Maintaining Legal and Social Framework

Advertisements

Thinking about systems and how to change them Based on Donella H. Meadows, Thinking in Systems - A Primer, Earthscan, GT -Apr-09.

Firms Households World Government Labour Consumption Investment Taxes And Transfers Net Exports Intermediate Goods Productivity Shock Labour Supply Shock.

TRANSPORT – MITIGATION AND ADAPTATION Tamás Fleischer Institute for World Economics of the Hungarian Academy of Sciences

Leverage Points Ways to Intervene in a System to Change its Behavior.

Productivity, Economic Growth, and Standard of Living

SESSION 10: MARKET FAILURES (CONT

PEST Analysis PEST Analysis ► PEST is the best technique for scanning of macro level environment which include political, economic,

The Environment. Content Market failure and the environment Markets and the environment Government policies and the environment: –Indirect taxes –Pollution.

Summary and Conclusions. Course Goal Explore the three basic questions that arise from the definition of economics, particularly as they apply to essential.

1. People can’t have everything they want, so they choose. 2. People make better decisions when they weigh the present and future benefits and costs of.

Country Analysis. Mode of Analysis View country as a unit much like a firm with goals, comparative advantages and measurable outcomes. More complicated.

BUSINESS AND MANAGEMENT MODULE 1 BUSINESS ORGANIZATIONS & ENVIRONMENT.

AP Economics Mr. Bernstein Module 17: Aggregate Demand: Introduction and Determinants March 10, 2015.

→ UK policy & targets Kyoto: reduce emissions of greenhouse gases by 12.5% below 1990 levels by UK targets: –Reduce carbon dioxide emissions by.

3 Economic Questions Every country must answer these 3 questions

Trade and Climate Change: International Perspective Mac Callaway, Ph.D UNEP-RISØ Center Technical University of Denmark CPA International.

Stiftelsen Frischsenteret for samfunnsøkonomisk forskning Ragnar Frisch Centre for Economic Research Climate Agreements and Technology.

Examine the role of the government in the US economy. The US is a mixed economy with private and public sector. The government has a crucial role in finding.

2006 Economic Freedom The Key to Economic Success.

Review of the previous lecture 1. All types of investment depend negatively on the real interest rate. 2. Things that shift the investment function: 

What is Money?  Medium of exchange  Store of value  Unit of account  End in itself?  Island of Yap and Fort Knox  What is modern money?  Interest.

15 Economic Policy. Conditions Required for a Market Economy Government has a role to play in a market economy: –Ensure law and order –Secure property.

The U.S. International Tax System at a Crossroads Barbara Angus, Tom Neubig, Eric Solomon, and Mark Weinberger.

Chapters 15 & 16. T WO TOOLS: F iscal & Monetary Policy W hat’s the difference? F iscal Policy T he Budget – taxing and spending T he use of government.

Starter- Write the questions. What kind of committee deals with compromises between both houses of Congress? _________ 2/3 of both houses of Congress must.

Innovation and Transformation in Agricultural Systems Mike Jones Swedish Biodiversity Centre IUCN Resilience Task Force Resilience Alliance Connector.

Modern Economies – Free Market, Centrally Planned or somewhere in between Mr. Schoonover 9/22/2009 Lecture #2.

Economic Functions of Government SSEF5 The student will describe the roles of government in a market economy. a. Explain why government provides public.

Unit V: Monetary and Fiscal Policy Combinations: Stabilization Policy in the Real World.

Women in Markets A Systems Perspective Some Things to Consider Presented by Mary Morgan For CARE International July 1,

Effectiveness and Limitations of Economic Policies  Chapter 18 is excellent summary of Topic 3 and Topic 4.

Economics Key Terms Economics need want law of scarcity producer consumer factors of production supply demand law of supply law of demand price equilibrium.

Dr. Ahmed M. Darwish Minister of State for Administrative Development Egypt Making Reform Happen “Structural Priorities in Times of Crisis” OECD - Paris.

Brazil – Government Policies Social, Fiscal, Monetary, Environment and Energy Policies Whitney Hamnett Pirkle Bhushan Holê Niraj Shah David Welguisz Ben.

Policy Options. Topics Political issues: how do we overcome political barriers? Political issues: how do we overcome political barriers? General design.

ECONOMIC SYSTEM COMPONENTS Private Ownership l Control of productive resources land labor capital that are used to produce goods and services.

Habits of Mind for Resilient Communities Tom Wojciechowski Community, Natural Resource and Economic Development October 9-12, 2011 Pittsburgh, Pennsylvania.

© SOUTH-WESTERNCONTEMPORARY ECONOMICS: LESSON 3.21 LESSON 3.2 Regulating the Private Sector  Explain how government, by establishing laws and regulations,

Mediated Modelling Integrating the four aspects of well-being in Auckland to support Spatial Planning.

Regional Integration: Implications for Agriculture in South- Eastern Europe Garry Christensen.

The Federal Reserve Fiscal Policy - Using taxes and spending to help the economy grow. Monetary Policy - Policy that involves changing the rate.

SIGN UP FOR REMIND to Economics: How to Make Money and Keep It.

This section examines the relationships between organisations and their external environment. Candidates should understand the opportunities and threats.

CONTEMPORARY ECONOMICS© Thomson South-Western 3.2Regulating the Private Sector  Explain how government can improve operation of the private sector. 

Types of Economic Systems Systems Around the World.

Free Market. The Free Market What is a market? A market is an “arrangement” that allows people to buy and sell items Why are markets important? No one.

Georgia Council on Economic Education w w w. g c e e. o r g Focus: Understanding Economics in Civics and Government LESSON 4 What Are The Economic Functions.

(CARBON) PRICING AND ETS Economics and political economy.

Economics Learning Steps 9/9/14. Complete SSEMA1 Unemployment Post. Quiz & SSEMA2 Fiscal Policy Pre. Quiz.

Systems Thinking Group 1 Pauli Autio, Nele Beier, Elmiira Ebrahimimahin, Genku Kayo, Anton Silvo, Nea Vainio Urban Systems

EXTERNAL INFLUENCES These are factors that the business can not control (External constraints) PESTEL Analysis is a part of the external analysis that.

Circular Flow Model Resource Markets Business Government Individuals

The Economics of Sustainability

Challenges for the Caribbean: Low Growth and High Debt

Managing the spatial economy: the view from Victoria and Australia

Government Policy Instruments

Supply Side Policies Policies designed to increase the country’s long-term potential output (supply) Aimed at moving the LRAS curve outward, (but may also.

Quick Review What is GDP? What is CPI? What is unemployment?

The Business of adaptation

Macroeconomic 2.3.

What is systems change?.

6.1 – Circular Flow of Income

Jason Bordoff, Policy Director Hamilton Project, Brookings Institution

FIGURE 14.1 Change in the Price Level and the Effect on the Money Market

What can Governments do?

Macroeconomics J2$ A different take on the circular flow of payments model of how the economy works on a macro level.

Goal 7: Economics & Choices

Financing Government Chapter 16.

Economic Policy.

Presentation transcript:

Places to Intervene in a System

Is the Economy a Complex System? What is a system? What is a complex system?

9. Numbers (subsidies, taxes, standards). Carbon taxes, efficiency subsidies Café standards, free buses Ag subsidies Sequester and taxes 8.4Length of delay In feedback process Imagine if climate change did not have a 30 year lag Monetary vs. fiscal policy

8.5 Changing the size of buffers 8. Material stocks and flows. Plumbing or infrastructure 7. Regulating negative feedback loops. Market prices Signal must be proportional to impact it is trying to address

6. Driving positive feedback loops. Climate change Capital growth rate Tobin tax, high tax rates

5. Information flows Type of feedback loop 4. The rules of the system (incentives, punishment, constraints). Repeal the laws of thermodynamics Kyoto Altruistic punishment

3. The power of self-organization. Diversity Adaptive management Economics Why is economics not an evolutionary science? “…economics is helplessly behind the times, and unable to handle its subject-matter in a way to entitle it to standing as a modern science”. Patents 2. The goals of the system. 1. The mindset or paradigm out of which the goals, rules, feedback structure arise.

Transcending the Discipline