Economics · Macroeconomics

Unemployment Types — Frictional, Structural, Cyclical at Your Local Mall

Take a closing shopping mall, meet eight people losing their jobs, classify each unemployment type and discover that one number — 8% unemployment — hides four very different problems with four very different solutions.

3 rounds MBA & Masters English, Español

Preview

About this simulation

Take a closing shopping mall, meet eight people losing their jobs, classify each unemployment type and discover that one number — 8% unemployment — hides four very different problems with four very different solutions. Decompose the city headline rate, choose a framing, and allocate a CO$50M policy budget across five labour-market levers.

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

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 3 rounds. In each one they submit their decisions and the simulation calculates the results. The first round opens with: Meet the Eight.
  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.

What participants track

What participants follow on screen as the rounds go by:

  • How will you frame the city unemployment problem?

Subjects covered

Designed for courses in Macroeconomics.

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