Material Detail

This exercise would be appropriate to use in a moderately-sized lecture course after students have been exposed to macroeconomic theory, including monetary policy and the financial system, and have learned about the recent financial crisis. The activity should take about half an hour with students working in ten groups of 2 to 5 students each, depending on the number of students in the class. It is appropriate for class sizes of 20 to 50 students. No special equipment is required. It is probably best done near the end of a semester-long introduction to macroeconomics.

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