simulator.exe |
Keynesian Macroeconomic Simulator of Fiscal Policy
You will open the simulation in the file called simulator.exe (click it the above file to download and open- PC only unfortunately- the library and cart computers should run it fine though). It's not a Russian virus (I hope) :p
Basically, it is a Fiscal Policy simulation using actual data from Bulgaria in 2014. You will manage this nation's fiscal policy by manipulating government spending and taxes. See if you can achieve a good rating (it's hard).
From the creator's website:
"Students have a mandate of four years (sixteen quarters) as the finance minister of Bulgaria. Each quarter, they are be able to set target values for Taxation and Government spending. The primary objective of the game is to maintain a positive, stable Gross Domestic Product (GDP) growth, while also trying to avoid large, chronic budget deficits. After setting target values for G and T for the sixteenth quarter, students are presented with a scoreboard, which measures how successfully they have accomplished the above two objectives."
**Exogenous variables are those variables that are independent from income (Y) and the interest rate (i). These are variables such as autonomous consumption, the marginal propensity to consume, the nominal money supply, government spending, etc.
Basically, it is a Fiscal Policy simulation using actual data from Bulgaria in 2014. You will manage this nation's fiscal policy by manipulating government spending and taxes. See if you can achieve a good rating (it's hard).
From the creator's website:
"Students have a mandate of four years (sixteen quarters) as the finance minister of Bulgaria. Each quarter, they are be able to set target values for Taxation and Government spending. The primary objective of the game is to maintain a positive, stable Gross Domestic Product (GDP) growth, while also trying to avoid large, chronic budget deficits. After setting target values for G and T for the sixteenth quarter, students are presented with a scoreboard, which measures how successfully they have accomplished the above two objectives."
**Exogenous variables are those variables that are independent from income (Y) and the interest rate (i). These are variables such as autonomous consumption, the marginal propensity to consume, the nominal money supply, government spending, etc.