The Effects of Fiscal and Monetary Policies on Economic Outcomes: A Classroom Activity Using Mankiw’s “Presidential Game”

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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Year of publication:	2013
Authors:	Patron, Hilde ; Smith, William J.
Published in:	Journal for Economic Educators. - Economics and Finance Department. - 2013, 1
Publisher:	Economics and Finance Department
Subject:	short-run macroeconomics \| classroom activity \| learning \| serious games

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Extent:	application/pdf
Type of publication:	Article
Classification:	A22 - Undergraduate ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010860672