Fed Watcher’s Handbook is on Amazon
The world is abuzz with talk about US Federal Reserve and whether it will raise interest rates in September. Interest rates have hovered near 0 percent since 2008, and a rate hike to .25% or .5% is possible. Analysts are asking basic questions: Is the economy strong enough? What do we make of economic problems […]
Why Digital Media Firms Need to be Fed Watchers
Over the course of about ten years of teaching economics and digital media at New York University (NYU), I developed a simulation of the Federal Reserve Bank that has proved useful in engaging participants in the study of economics and how the US economy works. I recently applied the Fed simulation to an MBA course […]
Meaningful Play and a Simulation of the Federal Reserve’s FOMC
In Rules of Play: Game Design Fundamentals (2003), Salen and Zimmerman highlight the importance of significant interaction for developing a wide range of compelling games, simulations, and role-playing experiences. They argue that good games produce “meaningful play” for its participants and point to the relationship between actions they take and the outcomes that result in successful game experiences. The concept of meaningful play, while evasive at times, provides a useful starting point for analyzing the effectiveness of the FOMC simulation.
Referencing this Material
About Me
Professor and Associate Chair at State University of New York (SUNY) Korea. Recently taught at Hannam University in Daejeon, South Korea. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, media economics, and strategic communications.
You can reach me at:
anthony.pennings@gmail.com
anthony.pennings@sunykorea.ac.kr
