ECONOLAND
WHERE IS ECONOLAND?
ECONOLAND
is located in the PC Galaxy, halfway between the simplified models of the
economic textbook and the real world. You will find that ECONOLAND is not the
paradise of Shangri-La.
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?
Click here to download a self-extracting file containing the Econoland Program
Download the program onto your computer. Click on it to extract the files for
the program.
If you wish to attempt a more complicated simulation, try MacroSim!
or try the Virtual Economy!
Warning: Any resemblance between
ECONOLANDand 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
RUSE 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!
Here are your virtual advisors: