Games Economists Play by Greg Delemeester and Jurgen Brauer

Table 2 — Principles of Macroeconomics

1. Measurement GAME #
  • GDP (level); GDP growth (percent); Circular Flow
 85
  • Employment/Unemployment (level; percent)
 111, 160
  • Price level; price index; inflation (level; percent)
 79, 83, 153, 162
  • Nominal and real values
 
2. Theory  
  • Aggregate Demand/Keynesian Cross
 81, 87
  • Aggregate Supply
 
  • Macroeconomic equilibrium
 85
  • Money, monetary system, and money creation
 24, 80, 131, 132, 142, 149, 151, 162, 176
  • Money supply and demand, asset markets, portfolio diversification
 20, 52, 105, 115, 148
  • Interest rates and inflation
 79, 83
3.  Policy  
  • Fiscal policy; balanced budgets
 58, 154
  • Monetary policy; rational expectations
 25, 86, 154, 177
  • LR/SR Phillips curve
 
  • Economic growth
 82, 154
4. International  
  • International trade
see Table 1
  • International finance; balance of payments; foreign exchange markets
see Table 1

 

 

Copyright 2000 by Greg Delemeester and Jurgen Brauer
Last Updated: 01/25/2007