Uploaded on 2017-06-19 by Michael Brown

1) First, identify the most important stocks and flows (at least three) entering, staying in and eventually leaving your area (or city). Students/Money/Food 2) Describe your findings based on the concept of stocks and flows by presenting the necessary information or examples. Foreign students begin entering our city over the summer, in order to be accepted on the course they must pass an english test and so they come to learn and prepare for the next year. These students bring with them money to spend of accommodation and necessities such as food which they both bring with them and flows into the city for them to consume, often specialist shops cater to their specific tastes offering them home food while they are here. Some students from LEDCs often work here to help fund their studies and sometimes to send money back to help their families. In the short term (9 months or less) the students could be considered a stock. Residing in Newcastle, consuming resources and contributing to the local economy. However in the medium and long term they could be conceived of as a flow entering the city during term time and leaving after their studies are concluded. Money flows into and out of the economy. Into the area as students pay for local goods and services, out as students send money home and buy gifts. Food flows into the area from peoples county of origin both taken with the individual students and by traders who bing it in larger volumes to cater for the students wants. 3) Imagine and shortly describe how these stocks and flows could change in the future for the benefit of your area. If the students could find jobs in the local economy and stay in the area it would greatly benefit the area. This would turn the medium to long term flow into a stock. With students staying over a longer period of time a more stable flow of food and money into the local area would develop. These former students would create jobs and be able to send money back to strengthen the economic situations at home. Creating a stock of a well educated population could create larger lows of food into the area to match the demand.