Economics · Macroeconomics

Red Box Budget: Fiscal Policy & the Deficit

Take the role of UK Chancellor of the Exchequer across six budgets. Pull six tax and spending levers, read the OBR forecast, and watch GDP growth, inflation, unemployment, the deficit, debt-to-GDP, public approval and bond-market confidence react round after round.

6 rounds Executive English, Español
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Preview

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:

  • Income Tax (± percentage points)
  • VAT (± percentage points)
  • Corporation Tax (± percentage points)
  • NHS / Health Spend (± £bn)
  • Education Spend (± £bn)
  • Capital Infrastructure (± £bn)

What participants track

What participants follow on screen as the rounds go by:

  • Budget History

Subjects covered

Designed for courses in Macroeconomics.

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