As the European recession continues, and political struggle does so as well, many addle upon the possible cure. Among the most alarmed is Britain, with one of its largest banks on the verge of collapse. Options for British government are few: bailing it out, shoring it up, or… leaving it to its fate; and this decision is up to the Prime Minister. At any rate, the financial sector suffers turbulence.
Choosing Britain was not an accident. This option was chosen due to the unique features, like own currency out of euro zone, in-house-managed monetary policy, and strong banking sector-government ties. Being Prime Minister is tough. Students attending “10 Downing Street” educational economic simulation game now it for sure. They are to work out decisions to drive the country out of crisis, as if they were in Prime Minister’s shoes. They know how hard can be decision making at times; and they know the possible effect of decisions of this kind. All The game is to be used in international M.B.A. program, as well as in other master programs.
The game was said to be much more consuming than other multimedia projects, both in terms of time and funds.
Six teams of students discuss the hot topics of today’s economy, then comparing their results to those of their professors. At the end of the class, hundreds of options are discussed, but 6 out of 10 get rejected after the voting.
While the harsh reality hits people with dipping European economy and euro zone-wide recession, the in-game decisions are being successfully implemented within the virtual game environment.