Economics · Macroeconomics

AD-AS Under Shocks — Supply, Demand, Stagflation

Take the seat of Costaria's central-bank chief economist. Diagnose three concurrent shocks in AD-AS space, weigh the stabilisation-policy response for each, and confront the supply-shock dilemma every modern central bank faces.

6 rounds Executive English, Español

Preview

About this simulation

Take the seat of Costaria's central-bank chief economist. Diagnose three concurrent shocks in AD-AS space, weigh the stabilisation-policy response for each, and confront the supply-shock dilemma every modern central bank faces. Six rounds covering the demand boom, the cost-push supply shock, monetary drift, the combined Crisis Package, and a Volcker-style re-anchoring window.

Tracks inflation, expectations, output gap, unemployment, policy rate and a credibility score.

Who it is for

An advanced simulation for participants used to working with the main frameworks and trade-offs of the subject, designed for executive education and experienced professionals.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 6 rounds. In each one they submit their decisions and the simulation calculates the results.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Shock Diagnosis
  • Rate Change (basis points)
  • Communication Stance

What participants track

What participants follow on screen as the rounds go by:

  • MPC Recommendation

Subjects covered

Designed for courses in Macroeconomics.

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