The Effects Of Fiscal And Monetary Policies On Economic Outcomes: A Classroom Activity Using Mankiw's "Presidential Game"

Authors

  • Hilde Patron
  • William J. Smith

Abstract

We describe the use of a serious game in intermediate macroeconomics: Mankiw’s Presidential Game. Students in the classroom are assigned different roles as monetary and fiscal policy makers, while the online game is used to estimate the impact of their decisions. After the game, the instructor and students discuss the problems they experienced with the implementation of the different policies. Students are given a take-home assignment to complete the activity.

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Published

2014-02-25