To request your copy of this program, contact Mike Lovell
ECONOLAND is susceptible to unacceptably high rates
of unemployment. And inappropriate policies can precipitate a
dangerous
inflationary spiral.
Your success in managing the economy will be
appraised in terms of what happens to the unemployment rate and
inflation
as summarized by the Economic Discomfort Index. Can you do better
than the administration in Washington?
Warning: Any resemblance
between ECONOLAND and the Real World may be no more than
coincidental.
The ECONOLAND program is definitely not a forecasting device --- if you
want forecasts, look into a crystal ball, consult your favorite
astrologer,
or hire the consulting services of Data Resources Incorporated (DRI) or
Wharton Econometrics. While macroeconomic forecasters often boast
that their models captures the essential features of the United States
economy, no exaggerated claims are made for ECONOLAND.
Structure: In ECONOLAND, as in
Washington, economic policy makers do not know the exact structure of
the
economy. Conceivably, much might be learned by studying the
historical
data generated by simulation runs. You may inspect the historical
data by clicking Economic Indicators. But as a practical matter,
it may be best to try and learn about ECONOLAND structure through trial
and error simulation experiments --- take charge and see what happens.
Challenging Assignments: Once you
have completed the four Training Missions you are prepared to put your
macro policy skills to the acid test. The Econoland Program
offers
eight challenging assignments providing ample opportunity to test,
rethink,
and refine your economic policy making skills. You may be
confronted
with a massive OPEC orchestrated hike in petroleum prices,
technological
unemployment, or the demands of War!
Click here to see an issue of the Econoland News!
To find out more, click here and look at the Econoland
Help File (but it may not display on your computer)
FREEWARE:
The Econoland program is available without charge to college and
university
economics faculty interested in using the program for instructing their
students. BUT its an old program. It runs, but it has a few
rough
spots.
To request your copy of this program, contact Mike Lovell