Abstract

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A Money and Banking Simulation Game for High School Upperclassmen and College Level Non-Majors

Paul Woodburne
Clarion University - Department of Economics

Abstract:
The paper presents a simulation game that sheds light on why banks exist, and why a central bank exists.

The role of banks as information specialists (Diamond's "Delegated Monitor" and Fama's specialist in "inside" information) is highlighted, as is the potential conflict inherent in banks in their roles as guardians of the money supply, and as profit making firms.

Three cases are presented; one in which no banks exist, one in which banks exist, and the third in which a central bank exists.

JEL Classifications: A2, E4, E5, G2, N2

Case and Teaching Paper Series

Date posted: April 28, 2003 ; Last revised: April 28, 2003

Suggested Citation

Woodburne, Paul, A Money and Banking Simulation Game for High School Upperclassmen and College Level Non-Majors. Available at SSRN: http://ssrn.com/abstract=390765

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Contact Information

Paul Woodburne (Contact Author)

Clarion University - Department of Economics ( email )

840 Wood St
301 Still Hall
Clarion, PA 16214
United States
814-393-1965 (Phone)
814-393-1910 (Fax)