Home Other events ECONOMICS – POLICY DILEMMA SIMULATOR CHALLENGE

ECONOMICS – POLICY DILEMMA SIMULATOR CHALLENGE

High school students starting university in 2023 and 2024. Applicants participate individually

AIMED AT Undergraduate Degrees
DATE 28th January 2023
TIME 15:30 - 17:00 (GMT +01:00)
LANGUAGE English
EVENT FORMAT Global events
ECONOMICS – POLICY DILEMMA SIMULATOR CHALLENGE

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.

 

Our speakers

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.