Economics · Macroeconomics

The Resource Curse — Managing the Windfall

Manage the Republic of Petrolia's offshore-gas windfall over 15 years of production.

15 rounds Executive English, Español

Preview

About this simulation

Manage the Republic of Petrolia's offshore-gas windfall over 15 years of production.

Allocate royalties across a sovereign wealth fund, immediate public spending, and a direct citizen dividend; choose Norway-style foreign-asset, Chile-style structural-balance, and constitutional-transparency rules; navigate the Dutch-disease channel, fiscal volatility, and the institutional preconditions that the modern resource-curse literature identifies as the binding variable.

Discover that the resource curse is not a curse of resources but of institutional weakness in the presence of resource rents.

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 15 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:

  • Sovereign Wealth Fund (%)
  • Immediate Public Spending (%)
  • Direct Citizen Dividend (%)
  • Invest SWF 100% in foreign assets (Norway rule, sterilises FX)
  • Apply structural-balance fiscal rule (Chile rule, smooths spending)
  • Constitutional protection plus transparent reporting (curbs capture)

What participants track

What participants follow on screen as the rounds go by:

  • Allocation of Royalty Inflow
  • Governance Rules
  • Historical Record

Subjects covered

Designed for courses in Macroeconomics.

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