2005: A Game of Macroeconomics
The game casts you as a US President who is elected in the year 2005. Your goal is to set monetary policy (via setting money growth rate) and fiscal policy (via setting taxes/GNP and government spending/GNP ratios) to keep the economy healthy. Your ultimate goal is to get re-elected for as long as possible. If the economy does badly, your popularity will fall, and your chance of returning to the White House will be diminished.
As a Macromedia Shockwave game, the controls of 2005 are easy to learn, and the graphics are pleasant. The screen is split into three sections. On the left side of the screen are time series plots of three main economic indicators: inflation, unemployment, and output (GNP) growth. On the right side, you can read current news and look at your approval rating. You can toggle on a detailed table of other data at any time, although the charts and news are usually enough to make decisions.
Mankiws decision to limit user input to three variables makes it much easier to observe the impact of your policies, and the game is far from simple even if it appears that way. As in real life, unexpected events of all sorts can happen at any time, and correctly guessing the effect of news events (for example, OPECs announcement to cut oil production will lead to rising prices, which will put an upward pressure on inflation and potentially lowering output). After several sessions, you will learn about some basic relationships between major economic indicators, and how monetary and fiscal policies affect the economy. Overall, if you are interested in learning more about macroeconomics but were intimidated by complex textbooks or software, 2005 is a good starting point. It is highly recommended that you read excerpts from Mankiws textbook at the publishers site (in Related Links section below) as you playits a good way to supplement the limited in-game help, and you may just be surprised at how accessible Mankiws writings are, and how fun a dry subject like this can be ;) Two thumbs up! Check the Related Links below for more complex of macroeconomics simulations.
Average Rating: | 7.97 [148 votes] |
Genre: | Education |
Designer: | N. Gregory Mankiw |
Developer: | Anonymous |
Publisher: | Freeware |
Year: | 2001 |
Software Copyright: | Worth Publishing |
Theme: | Political, Modern |
Multiplayer: | |
Related Links: | Official site , Virtual Economy (UK) , The National Budget Simulation (US) |
More Info: | Mobygames | The Web |
System Requirements: | Macromedia Shockwave |
If you like this game, try: | Balance of Power (1990 Edition), Shadow President |
Thanks to... | |
Technical Notes: | This download is the same as the on-line version you can play at the Official Site. To play the game, you must open it inside your browser window. Make sure you have Shockwave plug-in installed. |
Screenshots © The Good Old Days