ECON 2301 UNIT 7

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UNIT 7: MACROECONOMIC ISSUES

 

 

READ THE FOLLOWING SECTIONS FROM THE MARGIN NOTES.

Economic Development

Growth

 

WATCH THE FOLLOWING POWER POINT PRESENTATIONS.

Power Point Presentation  Power Point Presentation  Power Point Presentation
Power Point Presentation  Power Point Presentation  Power Point Presentation

A new screen will pop up.
Use the scrollbar on the side to navigate.
[This may take a few minutes to download.]

 

(OPTIONAL) READ THE FOLLOWING CHAPTERS FROM THE TEXT.

11 - 15

 

OPTIONAL DOWNLOADS:

MACROECONOMICS REVIEW

ACTIVITY #4 RUBRIC
 


ACTIVITY #4: the trade ruler game (10 points)

For your 4th activity you’re going to play the Trade Ruler Game. First, though, you need to get up to speed on trade theory and terminology. Use the following links.

Why trade?

What is an economic theory?

Machines & Workers

Gains from Trade

The Heckscher-Ohlin Trade Theory

Bigger Differences – Greater Gains

 

Once you’ve read and understand the concepts in those 6 sections you’re ready to start the game. It may take a few minutes for you to figure out what’s going on but the game itself only takes about 15 minutes.

 

You will need Flash and Shockwave on your computer so download them first if you don’t already have them.

Download Adobe Flash Player for free.

Download Adobe Shockwave Player for free.

 

If you’d like to have some idea of what to do and how to do it before you start, go to the HELP file.

 

photo When you’re ready to start playing, use the link below and then click on the play button.

 TRADE RULER – THE HECKSCHER-OHLIN WORLD

When you have finished the number of production-trade cycles the game requires, the screen will say "Game over. Your days as ruler of __ Island are now over. Now, let's see how you managed." Each time you click OK you will get a different bar chart that assesses your performance.

 

After several screens on each of which you click OK , you will get a screen that has a see hiscore button rather than the OK button. Click see hiscore. There are several pieces of information on the hiscore screen that I want you to send to me and you will probably not be able to copy-and-paste them from that screen. You can either print the page or write down the information. Whatever you do, do NOT hit the OK button on the hiscore screen or you will wipe out the information I want you to send me and you'll have to play the game again from the beginning.

 

On the hiscore screen (or from memory), find and write down the following information.

  1. the name you used

  2. your island

  3. your trade partner's island

  4. your score for the game

  5. the history for all three turns

The history is in the lower left of your screen and you can access each turn by clicking on 1, 2 or 3.

Send me are the figures for all 3 turns. Your figures should look something like the following.

turn

production

trade

result

1

38 cells

13 jeans

-15 cells

10 jeans

23 cells

22 jeans

2

38 cells

12 jeans

-15 cells

10 jeans

23 cells

22 jeans

3

38 cells

12 jeans

-12 cells

10 jeans

26 cells

22 jeans

 

The order in which I've listed the turn history information is the same order as on the screen. Send your turn history information to me in the same order. Do NOT include the words (turn, cells, trade, etc) ... I will know which number is which information by the order. I included the words above to help you find the information on the screen but the information above should look like the following when you send it to me (although your numbers will be different from the ones I've used).

 

1

38

13

-15

10

23

22

2

38

12

-15

10

23

22

3

38

12

-12

10

26

22

 

Let me caution you again: Do not click the OK button until you've copied / printed all of the information you need from the hiscore page since that information is not saved.

  1. Finally, write a paragraph or two in which you make specific and detailed connections to the course content. The course content did not cover the Heckscher-Ohlin Trade theory but you can directly relate that theory to most of the concepts covered in the Trade sections of the margin notes and power point presentations.

By the deadline shown in the Course Schedule on the main page of the syllabus:

  • Send your data for the six items requested in the body of a new email to dramyglenn@earthlink.net.

  • Put only your name and Activity #4 at the beginning of your email.

  • Be careful to use the correct subject line.

  • Late assignments will lose one point per day late, including weekends and holidays. (Although I do take late assignments, I do not take assignments past the end of the semester. Check the Course Schedule on the main page of your syllabus for the final date I will accept assignments.)


Copyright © 1996 Amy S. Glenn
Last updated: 01 September 2010