Principles of Economics

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Principles of Economics I (ECON133)

Fall, 2017

M;W

Location

3:05 – 4:20pm

Echlin 209

Instructor Contact Information

Esin Cakan, Ph.D.

Email: ecakan@newhaven.edu

Assignment: THE FED GAME

http://sffed-education.org/chairthefed/default.html

Teams members:

Professor Marks’s Performance

Remember: The job of your five (5) member team, a Board of Governors, is to set monetary policy by adjusting the Fed Funds Rate and respond to the implications your policy has on Unemployment and Inflation. Your targets are: 5.00% Unemployment (The Natural Rate of Unemployment) and 2.00% Inflation. Each decision of the team must be recorded and explained with majority rule guiding your Board’s decision. You must also select a chairman or chairwoman of the Board.

FILL THE BELOW SHEET:

GROUP NAMES: 1)____________________________ 2) ________________________

3) ____________________________ 4) __________________________

QUARTER

HEADLINE

FED FUNDS RATE

INFLATION

UNEMPLOY.

DECISION

RATE SELECT

16

15

14

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12

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10

9

8

7

6

5

4

3

2

1

0

THE FED GAME Page 1