Sterling Swings: Exchange Rates and The Current Account
Advise HM Treasury as Chief Trade Economist.
About this simulation
Three-round policy simulation set in two fictional twin economies (Costaria and Boravia).
Participants compute the four standard welfare effects of a migration flow (aggregate output, native wages, migrant welfare, remittances), assign explicit welfare weights across stakeholders, layer in second-order effects (fiscal balance, housing, brain drain, integration), and design a defensible migration policy from eight archetypes — required to defend it on its weakest panel, not just its strongest.
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.