Simulations in Intermediate Macroeconomics

A macroeconomic simulation game intended for education and training, Rolesia can be used from desktop, tablet and smartphone platforms. Each player gets a virtual country using a 130-variable model. The model includes a national budget, a stock market, international currency trading and central banking, among other aspects. The tutor can choose the level of complexity of the choices made, and can opt for a simuation of the US economy. The software comes in two online versions. The free version includes most of the features of the paid version and can be used for ten days. The paid version allows some additional complexity options and additional choices including Quantitative Easing.

The site enables you to work with a U.S. macroeconometric model or a multicountry econometric model to forecast, do policy analysis, and examine historical episodes. For example, you can change government policy variables and examine the estimated effects of the changes. Menu-driven econometric models of the US economy and of multi-country economies suitable for research, forecasting, policy and teaching purposes are provided. The models run in a web-browser but are also available in downloadable form.