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Category Archives: System Dynamics
Understanding GDP: Expenditure Method & Value Stream Networks
As promised, a while back, here is a continuation of my journey on understanding GDP, for the purpose of link economic outcomes to system behaviour. In this blog I’ll look at the expenditure method (GDP(E). I’ve skipped over the income method for the moment, … Continue reading
Branding, Prizes & System Sensitivity
Kodak : Can a Brand Too Strong ? Just a quick memo, sparked by curious market behaviour around Kodak. In itself the market reaction to Kodak seems plausible based on a set of results and underlying business issues relating to it. But … Continue reading
Posted in Business, Decision-making, Fun, Physics, System Dynamics
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Update: Neutrinos, Satellites, Economy and Causality
Neutrinos: fascinating webcast lecture Friday from the CERN OPERA chap. Lots of explaination of corrections and stuff. This might have been one of the questions (maybe the one about drilling a hole in the tunnel) but I would have thought that … Continue reading
Posted in Causality, Fun, Physics, System Dynamics
Tagged Causality, Particle Physics, Satellite Tracking, System Dynamics
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Economy: Looking at Patterns in UK GDP Data (Part 1)
Having acquired some GDP data (before the ONS website change), I had a go at drawing some graphs to look at patterns and features. The raw GDP data are quarterly seasonally adjusted chained volume measurements, using 2006 prices, for like-for-like comparison. The data … Continue reading
Posted in Analysis, Data Gathering & Graphs, GDP, ONS, System Dynamics
Tagged Causal Diagrams, ONS, System Dynamics, Systems Modelling, Trends, UK Economy
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Link to: Macroeconomics from the Bottom Up
Interesting piece of work proposed on agent level modelling of the economy. No surprise this comes from a physics and systems dynamics guy. See link: http://ineteconomics.org/video/30-ways-be-economist/doyne-farmer-macroeconomics-bottom Interesting one to watch. Here is my posted comment: I’m surprised no-one has had … Continue reading