European Monetary Union Policy Simulator

0

0

IE code
EC1-140-I-M
Language
English
Format
Multimedia and interactive
Est. dedication time
60 minutes
Type of publication
Simulations and Games

Instructor support

A Teaching Note is available for this material.

Description

This simulator aims to raise awareness of the importance of the European Central Bank and to represent the effect that decisions of the member countries have on monetary supply. 

Each group of students will represent one of the member countries or a representative of the ECB Executive Board. Through a series of turns, news events that will affect the EU are shown on a central screen. After discussing these events as a class, each representative will place their votes about whether to raise, maintain or decrease the interest rate. Feedback is provided in the form of data about the main economic indicators. 

The structure of the simulation allows it to be played at various levels of depth. This implies that it can be used as an introduction to monetary policy for MBA students as well as managerial economic students that already have some background in monetary policy.

European Monetary Union Policy Simulator