A Multilinear Macro Economic Simulation
Abstract
The simulation presented in the first part of
this paper was found to be of questionable value
from a strictly econometric point of view. This does
not mean, however, that it is of no value whatsoever. It still may possess some virtue as a computerized
economics game. To be of value in this capacity it
is felt that it must accomplish two essential things.
It must first be able to spur an interest in the sometimes
not too exciting subject matter of an introductory
course. It must, in other words, abolish passive
learning and promote an active involvement with the subject matter at hand. Secondly, and most importantly,
it must demonstrate the dynamic interaction of important
economic variables, the significance of which are too
often lost in the chapter by chapter reading approach.
If these two objectives were achieved it was felt
that the student involved would have a better basic
understanding of the field of economics.