The Macroeconomics Simulation: Econland brings economic policy-making to life by getting students to understand the economic environment of a fictional country, make critical monetary and fiscal policy decisions, and analyze the results of their decisions through a seven-year business cycle.
PlayIn Econland, learners manage the economy of a country for a period of 7 years. Players make monetary and fiscal policy decisions in order to make the population happy about the economy, including:
Each year, players receive information on developments in the global economy, the Consumer Confidence Index and other key economic data. The simulation can be played under three scenarios for the development of the world economy, enabling students to replay the game under different conditions. |
SucceedThe objective in Econland is to maximize the approval rating that the country's population gives to the government for its economic policies. The approval rating ranges from 0 to 100 and is made up of results in the following areas:
Each year, learners get feedback on their results and analyze performance dashboards and economic data tables. Instructors can tailor the game by adapting the values for government spending and tax multipliers. |
LearnBy playing Econland, students learn to:
|
"I have used the Econland Macroeconomic Simulation in my past three MBA Economics classes. The positive impact on student interest and understanding of macroeconomics has been quite eye-opening. I have seen a clear improvement in student understanding of monetary and fiscal policy tools as well as their ability to understand the sometimes complex relationship between growth, unemployment and inflation. By linking the Econland simulation to real time events such as Fed/ECB decisions and releases of important economic data such as inflation and unemployment figures, students have been engaged to follow real economic events and have eagerly applied these within the Econland simulation.
The simulation interface is simple to setup, use and monitor the performance and activity of students using the simulation. When I did have questions, the online support provided was rapid and effective. I highly recommend this simulation to colleagues teaching Macroeconomics at either undergraduate or postgraduate levels."
Dr. Declan McCrohan, Modul University
The simulation interface is simple to setup, use and monitor the performance and activity of students using the simulation. When I did have questions, the online support provided was rapid and effective. I highly recommend this simulation to colleagues teaching Macroeconomics at either undergraduate or postgraduate levels."
Dr. Declan McCrohan, Modul University
Buy or TryGet in touch if you are interested to try or buy the Macroeconomics Simulation: Econland
Instructors at institutes of Higher Education (universities & colleges) can get the simulation through Harvard Business Publishing (click below). 
|
Related Learning Resources
Econland features in the course module "Macroeconomics: Key Topics" from Harvard Business Publishing's Course Explorer. The module also includes course learning objectives, assignments and learning materials (articles, case studies, book chapters and videos) to support Macroeconomics teaching.
The Sim Institute You Tube channel has explainer videos on GDP, monetary policy, fiscal policy, inflation and unemployment.
The weekly online newspaper Econland News offers learners to link Economics course topics to real world events. Free of charge and free of ads.
