13 May ECO 202 Module Three Simulation Checkpoint Assignment Guidelines and Rubric
ECO 202 Module Three Simulation Checkpoint Assignment Guidelines and Rubric
Overview
The simulation checkpoint assignment in this course directly supports your success on the course project. You will play the simulation game, snip relevant image files from your simulation report, and discuss learned concepts and experiences in your submission.
Directions
For this assignment, you will play the first run of the Macroeconomics Simulation: Econland from Harvard Business Publishing, in which you will act as policy adviser for the fictional country of Econland. Select the Base Case scenario for this practice run. You may play the simulation as many times as you like. This will directly support your success in your course project, due in Module Eight.
Use the provided template linked in the What to Submit section to complete this checkpoint assignment. It is an abridged version of the template you will complete for your project in Module Eight. Note that the sections you create for this assignment cannot be copied and pasted into the project template, because the project includes additional components.
Remember to include the required images from your simulation report. For help with this, see the Supporting Materials section below.
Specifically, address the following in your submission:
Introduction
Add Table 3 from your simulation results to the provided area (Table 1) in the template.
Draft a two- to three-sentence summary characterizing your overall performance and approval ratings as the chief economic policy advisor of Econland.
Fiscal Policies: Government Expenditure
Explain your decision making regarding government expenditure and how it changed based on the macroeconomic conditions. What was the intent of your fiscal policy decisions in response to the given economic climate?
Evaluate your fiscal policy decisions, including how they impacted key macroeconomic factors such as real GDP growth and unemployment. To what extent did your policies yield positive or negative outcomes?
Monetary Policies
Add the “Inflation Rate” graph from your simulation results to the provided area (Figure 1) in the template.
Explain how you changed the interest rate levels and how this change impacted inflation. Provide specific examples to illustrate.
What to Submit
Template: Module Three Simulation Checkpoint Assignment Template
Use this template to develop your checkpoint assignment and submit it for grading. Sources should be cited according to APA style.
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