Discussion Question Week 7 Macro
Discussion Question
For this discussion, play your second run of the Macroeconomics Simulation: Econland (from Harvard Business Review), in which you act as the chief economic policy advisor for the fictional country of Econland. Select either the Rollercoaster or Stagnation scenario option. 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 Seven Simulation Discussion Screenshot Instructions.) Then address the following:
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Order Paper NowShare your experience in the simulation. In your opinion, which policy decisions were more successful and why?
Why does the simulation provide you with a global economic outlook for each year? How does an open economy versus a closed economy impact government policy decision? Use information from the textbook or the news to support your answer.
At the end of each year, the simulation highlights changes in consumer confidence. Why is the economic indicator “consumer sentiment” relevant for making successful policy decisions? Use news sources to support your answer.