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Usage of Fiscal Policy in the Economic Instruments Simulator
TUPÝ, Jakub
This work includes a description of fiscal policy and its utilization in an economic movement simulator. Firstly, it provides an overview of fiscal policy, its strategies, and tools that the government employs to maintain stable economic growth. The theoretical knowledge acquired during the research was then applied in the practical part of the bachelor's thesis. In this section, a diagram was created to illustrate the options available to the simulator's users before proceeding to the next quarter. Additionally, random events are generated and displayed to the users during the simulation process. Each event is accompanied by its theoretical description, the text displayed to the users, its impact on GDP, unemployment, and inflation, which are the main indicators in the simulator, as well as a description of the most effective solutions using fiscal policy tools, complemented by tables with all their combinations. The practical part also contains a general description of the simulator, a description of its passage, a mathematical formula for calculating future values and a visual aspect to give the reader a comprehensive idea of how the simulator works and looks.
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