Economic Policy Dilemma Simulator

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IE code
EEN090188-U-ENG-HTM
Language
English
also available in Spanish
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

You are the government of a medium-sized developed country with its own currency and central bank. You control fiscal, monetary, structural and exchange rate policy, and face elections at least every four years. Every policy decision that you make has an impact on four variables: GDP growth, debt levels, the risk perception of the country and your own political popularity.

This is a single-player game intended for all economics courses. Its objective is to review the basic concepts of macroeconomics, especially those related to policy, and to understand the effects of policy, external shocks and factors that lead to long-term, stable economic growth.

The game can be played individually with a comparison of individual outcomes in a forum or face-to-face class session; or it can be played in groups, with input or voting by each group member used to reach a decision. At the end of the simulation, players can compare their scores with the rest of the class, or with a historic scoreboard, or with an objective set by the professor.

Economic Policy Dilemma Simulator