Explore models of a national economies with the key macroeconomic structures and business cycles.
The model contains sectors for production, demand, labor, capital and money markets. The model is contained in the spreadsheet. Nothing else is needed.
This model helps you model:
- Production: labor, capital, output
- Income, consumption, savings
- Prices and money supply
- Cycles: inventory and& unemployment
- Random shocks to demand & output
You can change the behavior of the economy by changing the values of over 30 numerical parameters in the model.
If you want to perform Monte Carlo simulation of this model in your spreadsheet, see our model "Monte Carlo Simulation of an Economy."
This model demonstrates how to solve a dynamic system containing random effects. Its methods apply to similar models outside of macroeconomics.
Try our customizing process now for free. It's easy - and fast. If you like what you see, buy your model, download it and start using it
right away to explore economies with business cycles.