ECONOLAND is susceptible to unacceptably high rates
of unemployment. And inappropriate policies can precipitate a
Your success in managing the economy will be
appraised in terms of what happens to the unemployment rate and
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
The ECONOLAND program is definitely not a forecasting device --- if you
want forecasts, look into a crystal ball, consult your favorite
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
economy. Conceivably, much might be learned by studying the
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)
The Econoland program is available without charge to college and
economics faculty interested in using the program for instructing their
students. BUT its an old program. It runs, but it has a few
To request your copy of this program, contact Mike Lovell
Return to Mike Lovell's