Econland

Econland Simulation Overview

This macroeconomics simulation focuses on learning the trade-offs of economic policy decision-making and the effects of the global economic environment on a country. Learners get the opportunity to develop critical thinking skills and learn about economic modeling and system dynamics.

The Story

In the Econland single player asynchronous simulation, learners make monetary and fiscal policy decisions and consider their impact on the economy of a fictional country. The economic policy simulator participants are tasked with managing the economy through a 7-year business cycle in an effort to maximize the approval rating from their population. This simulation lets learners consolidate their understanding of core macroeconomic concepts, including GDP, unemployment, inflation, and budget deficit.

Learning Focus

• Adapt economic policy decisions to the changing state of the economy of a country, as well as to global economic conditions.
• Understand the tradeoffs of monetary and fiscal policy decisions.
• Apply core macroeconomics concepts by making monetary and fiscal policy decisions and then analyzing the consequences of those decisions.

Topics Covered

• Budget deficits
• Economic conditions
• Fiscal policy
• Macroeconomics and Inflation
• Monetary policy and Productivity
• Growth strategy
• Unemployment and GDP

This simulation is WCAG Compliant for the participants.

Each simulation comes with a Teaching Guidebook for the facilitator along with 1:1 facilitator training and free trials.

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This simulation is by Tim Rogmans, Harvard Business School Publishing, and Forio