ECONOMICS – POLICY DILEMMA SIMULATOR CHALLENGE
High school students starting university in 2023 and 2024. Applicants participate individually
This challenge will use as support a single-player economics game which allow you to choose policies over a period of 7 years and observe the results. Many events happen, such as a pandemic, a financial crisis and an oil price shock.
In this virtual game, you are the government of a medium-sized developed country with its own currency and central bank. You control fiscal, monetary, structural and exchange rate policy, and face elections at least every four years. Every policy decision that you make has an impact. Its objective is to review the basic concepts of macroeconomics, especially those related to policy, and to understand the effects of policy, external shocks and factors that lead to long-term, stable economic growth.
During the virtual session, Professor Gayla Allard will introduce the game and the different concepts linked to economic policy.
Once you have participated in this virtual session, you will have 10 days to play the game unlimited times. To compete for an exclusive scholarship to attend IE University, you will have to submit a printout of your highest scores in the game, and a short (one-page) essay.
Professor of Economics
Gayle Allard, a professor of Economics at IE since 2002, studied at the University of California (PhD in Economics) and Johns Hopkins University (Master in International Affairs), and her research has centered on labor markets. She appears regularly in leading international media as a commentator on today's key economic problems.