Pd. 3
September 26, 2005
Computer Systems Project Proposal 
I.  Model of Wealth Distribution, Banking, and Consumer Demand

II. Looking at the interactions of banks, corporations, and consumers

III.   This project is an economic extension of the bank system NetLogo model. 
The results will hopefully simulate a controlled-economy and reveal the wealth 
generation and distribution in a free market economy.

IV. The controlled economy consists of three competing corporations, a stock 
market for these three corporations, a bank that will invest in these corporations
and make loans to consumers, and consumers who will interact with the remaining
components.

V.Economics as a field relies on models in order to determine consumer preferences,
optimize demand due to supply, and make reports on wealth distribution, etc. My 
model is a combination of the said three components in a controlled society, 
which simulates both microeconomic components such as consumer preferences and 
macroeconomic components such as a mini stock market.

So far, I've been looking at http://www.bized.ac.uk/virtual/home.htm, which has 
various economic simulations along with detailed descriptions into economic theory. 

VI.   I've already started learning the NetLogo scripting language, and have 
already commented on the base banking model. I intend to have the three competing 
corporations with some arbitrary product implemented within two weeks (October 14).
From there, I can start programming a stock market, product enhancements and 
innovations, and interest on bank loans, which is currently not implemented in 
the model. 
	The actual model will be programmed with the NetLogo scripting language,
but LaTeX will be used to generate my paper and analysis. These data will be 
compared with economic theory and various models that I have yet to research, 
but I hope to find results that contradict the theory. In any case, my end goal
is to get my model posted on the NetLogo website.
                            
VII.  I should be able to have a running simulation by January. All that I will
need to present in terms of graphs are almost already set - I just need to factor
in the stock market and corporation wealth generation as well as the interest. 
These tasks should easily be completed with only minor alteration of the existing
code. As an economic model, my project should reveal the a controlled economy and
hopefully will prove that competition drives prices down and that interest and 
investment generates wealth. While this is anticipated in the current free market
economic theories, there exists no easy-to-obtain models that simulates such a 
comprehensive society.