7-2 Simulation Discussion: Second Run of Econland

NOTE THAT A CUSTOM RUBRIC IS USED FOR THIS DISCUSSION. For this discussion, play your second run of the Macroeconomics Simulation: Econland (from Harvard Business Review), in which you act as a the chief economic policy advisor for the fictional country of Econland. Select either the Rollercoaster or Stagnation scenario option. You may play the simulation as many times as you like. This will directly support your success in your course project, due in Module Eight. In your initial post, include an image of your simulation report. (See Module Seven Simulation Discussion Screenshot Instructions PDF.) Then address the following:  Share your experience in the simulation. In your opinion, which policy decisions were more successful and why?  Why does the simulation provide you with a global economic outlook for each year? How does an open economy versus a closed economy impact government policy decisions? Use information from the textbook or the news to support your answer.  At the end of each year, the simulation highlights changes in consumer confidence. Why is the economic indicator "consumer sentiment" relevant for making successful policy decisions? Use news sources to support your answer. In your responses, comment on at least two posts from your peers, and compare and contrast your simulation experience and analysis. Refer to the textbook to support your decisions and your claims related to open economies and consumer confidence. To complete this assignment, review the Module Seven Simulation Discussion Guidelines and Rubric. Overview Your active participation in the discussions is essential to your overall success this term. The simulation discussions in this course allow you to share your experiences playing simulation games related to the final project simulation. These discussions give you a chance to express your thoughts, ask questions, and gain insights from your peers and instructor. Directions Create one initial post and follow up with at least two response posts. For your initial post, you must do the following:  Create a post that addresses the discussion prompt.  Attach a screenshot of your simulation report.  Complete your initial post by Thursday at 11:59 p.m. of your local time zone.  Use proper citation methods for your discipline when referencing scholarly or popular sources. For your two response posts, you must do the following:  Reply to at least two classmates outside of your own initial post thread.  Complete your responses by Sunday at 11:59 p.m. of your local time zone.  Follow the guidance in the discussion prompt. Module Seven Simulation Discussion Rubric Criteria Proficient (100%) Needs Improvement (55%) Not Evident (0%) Value Initial Post: Timeliness Develops an initial post that includes simulation image by the indicated time Initial post does not include simulation image or is not posted by the indicated time Does not make an initial post 20 Initial Post: Open Versus Closed Economy Explains the relevance of global economic outlooks, including the impact of an open versus a closed economy, and uses references from the textbook or the news as support Shows progress toward proficiency, but with errors or omissions Does not attempt criterion 20 Initial Post: Consumer Confidence Explains the relevance of the economic indicator “consumer sentiment” for making successful policy decisions, and uses news sources to support Shows progress toward proficiency, but with errors or omissions Does not attempt criterion 20 Response Posts Responds to at least two peer posts by comparing and contrasting simulation experiences and analyses, and refers to the textbook to support decisions and claims Shows progress toward proficiency, but with errors or omissions Does not attempt criterion 30 Articulation of Response Clearly conveys meaning with correct grammar, sentence structure, and spelling, demonstrating an understanding of audience and purpose Shows progress toward proficiency, but with errors in grammar, sentence structure, and spelling, negatively impacting readability Submission has critical errors in grammar, sentence structure, and spelling, preventing understanding of ideas 5 Citations and Attributions Uses citations for ideas requiring attribution, with only minor errors