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This section serves as a checkpoint to prepare you for your course project. As part of your initial post, download the Project Template and complete at least the Introduction section.
For this discussion, you will play the first run of the Macroeconomics Simulation: Econland (from Harvard Business Review), in which you will act as the chief economic policy advisor for the fictional country of Econland. Select the Base Case scenario for this practice run. You may play the simulation as many times as you like. This will directly support your success in your course project, due in Module Eight.
In your initial post, include an image of your simulation report. (See Module Three Simulation Discussion Screenshot Instructions.) Then address the following:
Share your experience in the simulation. Do you think you made sound policy decisions? Were you reappointed at the end of the simulation?
During the simulation, you made decisions concerning government spending. How did your decisions impact key macroeconomic indicators such as real GDP growth and unemployment? Refer to the graphs “Real GDP Growth” and “Unemployment Rate” from your simulation results to illustrate the impact.
How did your changes to the interest rates impact inflation and other key macroeconomic indicators used in the simulation? Refer to the “Inflation Rate” graph from your simulation results.
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