1)What theories of macro economics can we use while playing the monopoly game?

2)Are there macroeconomic laws?

1)The board game monopoly, one turns up to be a winner after they have made the rest of the players run out of money by charging and taxing them and other means. The economic theories that one uses when playing the game Monopoly include:

Keynesian theory- Keynesian theory states that excessive saving is a threat to the well being of the economy. In the game monopoly, one has to invest their money in buying a property. When a player keeps on saving money without investing, they will end up spending all the money when they land on other people's investments and will end up bankrupt.

Neoclassical theory- one of the principles of this theory is that people rational choices after considering the values, mostly monetary value, that the preferred choice comes with. In the game Monopoly, players decide on their investments with the hope of emerging winners at the end.

2)

The laws of macroeconomics.

1. Scacity. This problem occurs when society wants and needs resources are many, but the resources are limited. They are limited quantities of resources to meet unlimited wants. The law of scarcity helps in the distribution of resources.
2. Opportunity Cost. This law demands that some goods are foregone in order to produce more of a specific commodity.
3. Property Rights. These are the rights that can be used to transfer and gain ownership to benefit from the employment of factors of production.
4. Law of Incentive. This is the principle that motivates an individual to do something.
5. Equality. The law that demands that general resources are distributed equally among the society.