Lucas Islands game in intermediate macroeconomics
Nigar Hashimzade et al.
What the paper says
The authors of this article demonstrate how Hazlett’s (1996) adaptation of the Lucas Islands model can be integrated into an intermediate macroeconomics course to strengthen student learning. In the classroom game, students act as workers making labor supply decisions under imperfect information about the aggregate price level, thus generating real-time data on forecasts and labor choices. A structured post-game lecture then uses these data to show how individual price-expectation errors produce a short-run supply relationship consistent with the Lucas supply curve. The instructor can use these results to connect theoretical predictions with empirical testing. The authors argue that this interactive approach is associated with greater confidence in macroeconomic modeling and self-reported understanding of theory while enhancing engagement with both theoretical and empirical aspects of macroeconomics.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.