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ERIC Number: EJ1022325
Record Type: Journal
Publication Date: 2013
Pages: 12
Abstractor: As Provided
Reference Count: 9
ISSN: ISSN-0897-5930
Teaching Applied Macro in Emergent Economies: Lessons from Bahrain
Miller, Michael S.; Epstein, Seth
Journal of Teaching in International Business, v24 n2 p138-149 2013
In this article we explore the challenges of adapting a standard introductory MBA course in applied macroeconomics to a student audience in a small open economy with a pegged currency. Our focus will be on the Kingdom of Bahrain, with reference to other countries in the Arabian Gulf region, where one would expect to use an open-economy theoretical course structure focused on the role of trade in the economy and the interaction of exchange rates and currency movements with that trade. Based on our experience in DePaul University's AACSB-accredited MBA program in Bahrain, we find that structuring the course content around open-economy macroeconomics requires a background in theoretical models which are beyond the time constraints of an MBA core curriculum. Alternatively, we consider how well a standard applied macroeconomic curriculum of output determination, business cycles, and monetary and fiscal policy can be adapted to students in the Gulf. We discuss how our approach is fraught with challenges which are both curricular and cultural.
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Bahrain; United States