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Forex game
This document contains instructions for students to form groups of no larger than 3 people to create a board game about the foreign exchange market. The game must include currencies like the dollar, euro, and yuan, and incorporate changes to domestic trade policy, monetary policy, crowding out effects, inflation, deflation, tourism, banking, and capital outflows. It also assigns readings from Keynes and Mankiw economics textbooks and gives short quiz questions.
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Forex game
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- 4. Keynes essay reading •Klein, don’t forget to give it out to class
- 5. Make up agame for the Forex market • Groups of no larger than 3: • 20 points for rules and design • Must include: • Currencies: Dollar, Euro, Yen, Yuan, Pound • 2 domestic changes to trade policy • 2 changes to domestic monetary policy • Crowding out effect • Effect of inflation • Effect of deflation • Effect of tourism and banking services • Net capital outflow calculation is somehow used • Use the terms: appreciate vs depreciate used correctly I have dice, colored papers, bigger white paper
- 6. Mankiw questions Page 691Problems #1, 6, 8, 9, 10,11