ERIC Number: EJ1011997
Record Type: Journal
Publication Date: 2013
Abstractor: As Provided
Reference Count: 39
What Should be Taught in Intermediate Macroeconomics?
de Araujo, Pedro; O'Sullivan, Roisin; Simpson, Nicole B.
Journal of Economic Education, v44 n1 p74-90 2013
A lack of consensus remains on what should form the theoretical core of the undergraduate intermediate macroeconomic course. In determining how to deal with the Keynesian/classical divide, instructors must decide whether to follow the modern approach of building macroeconomic relationships from micro foundations, or to use the traditional approach based on aggregate models of the macroeconomy. In this article, the authors discuss the advantages and shortcomings of each approach in the context of course objectives. Because there is significant heterogeneity in textbook coverage, the authors summarize some of the approaches taken in current intermediate-level textbooks, which should serve as a useful starting point for new instructors. The authors also discuss how each approach can be extended to analyze the recent recession in the United States. (Contains 2 tables and 14 notes.)
Descriptors: Macroeconomics, Economics Education, Course Content, Teaching Methods, Models, Textbooks, Content Analysis, Educational Philosophy
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A