Macro Policy Workshop
| Group activity: “Macro Policy Workshop“, March 2018 and complete the Macro Policy Workshop Form. |
There is a Harvard simulation called Econland that I haven’t used yet, but would be relevant for this session:
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Macroeconomics Simulation: Econland, by Tim Rogmans, Harvard Business School
Prerequisites: See my video on Macro Policy and take this follow up quiz.
Recommended reading:
- Memo to the Biden administration on priorities for the US Treasury, by Larry Summers, November 10th 2020
- Does government debt matter any more?, by Philip Coggan, Prospect Magazine, May 3rd 2021
Recommended audio:
- How the Phillips Curve shaped macroeconomics, Planet Money, September 8th 2023
Recommended app:
If you think you could have done a better job than Mervyn King at leading the Bank of England through the global financial crisis, see my role-playing app
- Download via http://www.financialcrisisapp.com/
Instructor Resource:
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| Learning Objectives: Test understanding and utilisation of important macro concepts.
Focus on diversity: Janet Yellen served as the chair of the Federal Reserve from 2014-2018 and as U.S. Treasury secretary from 2021-2025. She has therefore occupied the twin positions of being in charge of monetary and fiscal policy and was the first female to do either. You can learn more about her here. |