Solow Growth Live: Costaria National Development Council
Build the Solow growth model from scratch, calibrate it to Costaria (a fictional mid-income LATAM economy), run policy experiments on the savings…
About this simulation
Three-round civic-economics simulation: 100 villagers in Costaria face four life risks (illness, unemployment, old age, disability). Round 1 — discover that no one can self-insure. Round 2 — pool the risk and watch the law of large numbers tame catastrophic tail risk.
Round 3 — design the national system through four classic policy choices (mandate, public/private, PAYG/funded, universal/means-tested) and see which real country your design matches. HS Years 11–12 / IB Economics 2.7 and 2.10.
Who it is for
An intermediate simulation for participants who already know the core concepts of the subject, designed for master's and MBA programmes.
How a session runs
- The instructor creates a session from the Eureka dashboard and invites the participants.
- Participants play 3 rounds. In each one they submit their decisions and the simulation calculates the results.
- The simulation can be run in English, Español.
- The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.